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Oppenheimer Funds
OppenheimerFunds, Inc. was a global asset manager. As of February 28, 2019, the company managed over $260 billion in assets in over 13,000,000 investor accounts. In May 2019, the company was acquired by Invesco. OppenheimerFunds had 16 investment management teams that oversaw actively managed equity, fixed income, alternative, and multi-asset portfolios, and exchange-traded funds. Customers included financial advisors and wealth managers and their clients, as well as institutional investors, corporations, financial endowments, foundations, and sovereign wealth funds. History The company was founded in 1959. In 1987, British and Commonwealth Holdings acquired Mercantile House and gained control of OppenheimerFunds. In 1990, the company was acquired by Massachusetts Mutual Life Insurance Company. In July 2012, OppenheimerFunds acquired SteelPath, enabling clients to invest in master limited partnerships. In 2015, the firm acquired RevenueShares to expand its offerings into the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the acquisition to its holding company simply to diversify its earnings. Outside the U.S. (e.g. Japan), non-fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smart Beta
Smart beta investment portfolios are long-only rules-based investment strategies that aim to outperform a capitalization-weighted benchmark. A comprehensive analysis of smart beta strategies has found that smart beta strategies have underperformed by 1% on average since launch. The term smart beta was originally coined by Willis Towers Watson in 2006. Demand for smart beta Smart beta strategies have generated considerable interest from institutional investors in the wake of the 2008 financial crisis. According to ETF.com, as of April 2019 there was approximately $880 billion invested in smart beta funds. The increase in demand has led to an increase in the number of products and there are more than 1000 smart beta ETFs on the market today. The demand/growth does not appear to be slowing down; in the 12-month period ending February 2019 77 new smart beta ETFs launched accounting for roughly 1/3 of all ETFs launched in the 12 month period. According to Morningstar, there were 63 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1959 Establishments In New York (state)
Events January * January 1 - Cuba: Fulgencio Batista flees Havana when the forces of Fidel Castro advance. * January 2 - Lunar probe Luna 1 was the first man-made object to attain escape velocity from Earth. It reached the vicinity of Earth's Moon, and was also the first spacecraft to be placed in heliocentric orbit. * January 3 ** The three southernmost atolls of the Maldive Islands, Maldive archipelago (Addu Atoll, Huvadhu Atoll and Fuvahmulah island) United Suvadive Republic, declare independence. ** Alaska is admitted as the 49th U.S. state. * January 4 ** In Cuba, rebel troops led by Che Guevara and Camilo Cienfuegos enter the city of Havana. ** Léopoldville riots: At least 49 people are killed during clashes between the police and participants of a meeting of the ABAKO Party in Kinshasa, Léopoldville in the Belgian Congo. * January 6 ** Fidel Castro arrives in Havana. ** The International Maritime Organization is inaugurated. * January 7 – The United States reco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lipper
Thomson Reuters Lipper (part of Thomson Reuters) is an American financial services firm. Founded in 1973 as Lipper Analytical Services, it was acquired by Reuters in 1998. Corporate history Lipper Analytical Services was founded in 1973 by securities analyst A. Michael Lipper. The company's initial focus was to provide data and analysis to mutual funds companies in the United States. In subsequent years, Lipper Analytical Services expanded via growth and acquisitions. In 1998, Lipper Analytical was acquired by Reuters Group PLC as a wholly owned subsidiary. In April 2008, Lipper became part of Thomson Reuters when Thomson Financial and Reuters merged. The Lipper Fiduciary Services and competitive business unit known as Lipper FMI was purchased by Broadridge Financial Solutions in May 2015. Acquired companies that have operated under the Lipper brand include: * Hardwick Stafford Wright Limited (HSW) - supplier of fund performance information to the UK industry * BOPP ISB AG - ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortune (magazine)
''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with '' Forbes'' and '' Bloomberg Businessweek'' in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the ''Fortune'' 500, a ranking of companies by revenue that it has published annually since 1955. The magazine is also known for its annual ''Fortune Investor's Guide''. History ''Fortune'' was founded by '' Time'' magazine co-founder Henry Luce in 1929 as "the Ideal Super-Class Magazine", a "distinguished and de luxe" publication "vividly portraying, interpreting and recording the Industrial Civilization". Briton Hadden, Luce's business partner, was not enthusiastic about the idea – which Luce originally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cross-Cultural Solutions
Cross-Cultural Solutions also known as CCS, was a New Rochelle, New York-based non-for-profit working to address critical global issues by providing volunteer service to communities abroad, and contributing responsibly to local economies. The organization used a community-designed approach to international volunteering. Cross-Cultural Solutions was operating in nine countries worldwide: Brazil, Costa Rica, Ghana, Guatemala Guatemala ( ; ), officially the Republic of Guatemala ( es, República de Guatemala, links=no), is a country in Central America. It is bordered to the north and west by Mexico; to the northeast by Belize and the Caribbean; to the east by H ..., India, Morocco, Peru, Tanzania, and Thailand. Volunteers assisted with education, health-care and community development projects. References {{reflist Sources The Huffington Post - 5 Things You Can't Do in Ghana as a Tourist [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boys & Girls Clubs Of America
Boys & Girls Clubs of America (BGCA) is a national organization of local chapters which provide voluntary after-school programs for young people. The organization, which holds a congressional charter under Title 36 of the United States Code, has its headquarters in Atlanta, with regional offices in Chicago, Dallas, Atlanta, New York City and Los Angeles. BGCA is tax-exempt and partially funded by the federal government. History The first Boys' Club was founded in 1860 in Hartford, Connecticut, by three women, Elizabeth Hamersley and sisters Mary and Alice Goodwin. In 1906, 53 independent Boys' Clubs came together in Boston to form a national organization, the Federated Boys' Clubs. In 1931, the organization renamed itself Boys' Clubs of America, and in 1990, to Boys & Girls Clubs of America. As of 2010, there are over 4,000 autonomous local clubs, which are affiliates of the national organization. In total these clubs serve more than four million boys and girls. Clubs can be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Museum Of Mathematics
The National Museum of Mathematics or MoMath is a museum dedicated to mathematics in Manhattan, New York City. It opened on December 15, 2012. It is located at 11 East 26th Street between Fifth and Madison Avenues, across from Madison Square Park in the NoMad neighborhood. It is the only museum dedicated to mathematics in North America, and features over thirty interactive exhibits. The mission of the museum is to "enhance public understanding and perception of mathematics". The museum is known for a special tricycle with square wheels, which operates smoothly on a catenary surface. History In 2006 the Goudreau Museum on Long Island, at the time the only museum in the United States dedicated to mathematics, closed its doors. In response, a group led by founder and former CEO Glen Whitney met to explore the opening of a new museum. They received a charter from the New York State Department of Education in 2009, and raised over 22 million dollars in under four years. With t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Numeracy
Numeracy is the ability to understand, reason with, and to apply simple numerical concepts. The charity National Numeracy states: "Numeracy means understanding how mathematics is used in the real world and being able to apply it to make the best possible decisions...It’s as much about thinking and reasoning as about 'doing sums'". Basic numeracy skills consist of comprehending fundamental arithmetical operations like addition, subtraction, multiplication, and division. For example, if one can understand simple mathematical equations such as 2 + 2 = 4, then one would be considered to possess at least basic numeric knowledge. Substantial aspects of numeracy also include number sense, operation sense, computation, measurement, geometry, probability and statistics. A numerically literate person can manage and respond to the mathematical demands of life. By contrast, innumeracy (the lack of numeracy) can have a negative impact. Numeracy has an influence on healthy behaviors, fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-net-worth Individual
High-net-worth individual (HNWI) is a term used by some segments of the financial services industry to designate persons whose investible wealth (assets such as stocks and bonds) exceeds a given amount. Typically, these individuals are defined as holding financial assets (excluding their primary residence) with a value greater than US$1 million. "Very-HNWI" (VHNWI) can refer to someone with a net worth of at least US$5 million. The Capgemini World Wealth Report 2020 defines an additional class of ultra-high-net-worth individuals (UHNWIs), those with US$30 million in investible assets. According to The Knight Frank Wealth Report, HNWI can refer to someone with a net worth of at least US$1 million while UHNWI can refer to someone with a net worth of at least US$30 million. , there were estimated to be just over 15 million HNWIs in the world according to the Global Citizens Report by Henley & Partners. The United States had the highest number of HNWIs (5,325,000) of any co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Carlyle Group
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and private credit. It is one of the largest mega-funds in the world. In 2015, Carlyle was the world's largest private equity firm by capital raised over the previous five years, according to the PEI 300 index, though by 2020, it had slipped into second place. Founded in 1987 in Washington, D.C., by William E. Conway Jr., Stephen L. Norris, David Rubenstein, Daniel A. D'Aniello and Greg Rosenbaum, the company has nearly 1,850 employees in 26 offices on six continents . On May 3, 2012, Carlyle completed a million initial public offering and began trading on the NASDAQ stock exchange. History Founding and early history Carlyle was founded in 1987 as an investment banking boutique by five partners with backgrounds in finance and gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Roman Empire, Romans as ''Londinium'' and retains its medieval boundaries.See also: Independent city#National capitals, Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national Government of the United Kingdom, government and Parliament of the United Kingdom, parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the Counties of England, counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
