|
PanAgora Asset Management
PanAgora Asset Management (PanAgora) is an American investment management firm based in Boston. The firm is noted for its usage of quantitative analysis in its approach to investing. It is a direct subsidiary of Putnam Investments and its ultimate parent is Power Financial. Background PanAgora was founded in 1989 by Richard A. Crowell. Crowell is considered to be one of the early pioneers of quantitative investing. When the firm was founded, Crowell made sure all of its strategies were quantitative. However later on the firm also incorporated the use of behavioral economics to perform analysis. PanAgora originally was a 50-50 joint venture between Shearson Lehman Brothers and Nippon Life. In 1997, Putnam Investments acquired 50% of PanAgora from the shareholder now named Lehman Brothers. On August 22, 1998, Crowell died from cancer at 57. PanAgora opened an office in London in 1990 which oversaw around $800 million in assets, mainly for European pension funds. However by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
One International Place
One International Place is a Postmodern skyscraper in the Financial District of Boston, Massachusetts. Built in 1987, and designed by Johnson/Burgee Architects – whose principals are Philip Johnson and John Burgee – it is Boston's 7th-tallest building, standing 600 feet (183 m) tall and housing 46 floors. The building is very prominent in the city's skyline, particularly when viewed from Boston Harbor. The building has three separate elements. These consist of the tower itself, as well as two smaller components (27- and 19-stories). It also is linked by a central dome and winter garden with Two International Place. See also *List of tallest buildings in Boston *Two International Place Two International Place is a Postmodern skyscraper in the Financial District of Boston, Massachusetts. The site is located on a site formerly known as Fort Hill. It is located blocks from the North End, the waterfront, South Station, Downtown Cr ... References External links *On ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nippon Life
, also known as or is the largest Japanese life insurance company by revenue. The company was founded in 1889 as the ''Nippon Life Assurance Co., Inc.'' In structure it is a mutual company. It first paid policyholder dividends in 1898. Overview Nippon Life employs 70,519 employees and has 70,608 billion yen in assets as of 2016. The company is headquartered in Imabashi Sanchōme, Chūō-ku, Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of ..., Japan. References External links Company website(in Japanese)Company website(in English) Insurance companies of Japan Mutual insurance companies Companies based in Osaka Prefecture Financial services companies established in 1889 1889 establishments in Japan Japanese brands {{japan-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Boston
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1989 Establishments In Massachusetts
File:1989 Events Collage.png, From left, clockwise: The Cypress structure collapses as a result of the 1989 Loma Prieta earthquake, killing motorists below; The proposal document for the World Wide Web is submitted; The Exxon Valdez oil tanker runs aground in Prince William Sound, Alaska, causing a large oil spill; The Fall of the Berlin Wall begins the downfall of Communism in Eastern Europe, and heralds German reunification; The United States invades Panama to depose Manuel Noriega; The Singing Revolution led to the independence of the Baltic states of Estonia, Latvia, and Lithuania from the Soviet Union; The stands of Hillsborough Stadium in Sheffield, Yorkshire, where the Hillsborough disaster occurred; Students demonstrate in Tiananmen Square, Beijing; many are killed by forces of the Chinese Communist Party., 300x300px, thumb rect 0 0 200 200 1989 Loma Prieta earthquake rect 200 0 400 200 World Wide Web rect 400 0 600 200 Exxon Valdez oil spill rect 0 200 300 400 1989 Tiananm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Investment Officer
The chief investment officer (CIO) is a job title for the board level head of investments within an organization. The CIO's purpose is to understand, manage, and monitor their organization's portfolio of assets, devise strategies for growth, act as the liaison with investors, and recognize and avoid serious risks, including those never before encountered. Usage in the United States of America According to a press release on October 22, 2008, the United States Department of the Treasury named James H. Lambright to serve as the interim chief investment officer for the Troubled Asset Relief Program. "He will provide counsel to Secretary Henry M. Paulson, Jr. and Interim Assistant Secretary for the Office of Financial Stability Neel Kashkari as they develop and implement the program." Whenever the role of the chief investment officer is active within an insurance company (either life or non-life) and/or pension fund, the role is to manage and coordinate the investment, liquidity (treas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk Parity
Risk parity (or risk premia parity) is an approach to investment management which focuses on allocation of risk, usually defined as volatility, rather than allocation of capital. The risk parity approach asserts that when asset allocations are adjusted (leveraged or deleveraged) to the same risk level, the risk parity portfolio can achieve a higher Sharpe ratio and can be more resistant to market downturns than the traditional portfolio. Risk parity is vulnerable to significant shifts in correlation regimes, such as observed in Q1 2020, which led to the significant underperformance of risk-parity funds in the Covid-19 sell-off. Roughly speaking, the approach of building a risk parity portfolio is similar to creating a minimum-variance portfolio subject to the constraint that each asset (or asset class, such as bonds, stocks, real estate, etc.) contributes equally to the portfolio overall volatility. Some of its theoretical components were developed in the 1950s and 1960s but the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great-West Lifeco
Great-West Lifeco Inc. is a Canadian insurance-centered financial holding company that operates in North America (Canada and United States), Europe and Asia through five wholly owned, regionally focused subsidiaries. Many of the companies it has indirect control over are part of its largest subsidiary, The Canada Life Assurance Company; the others (Great West Life & Annuities Financial Inc. and Putnam Investments, LLC) are managed by Great-West Lifeco U.S. LLC, a U.S. based subsidiary. Great-West Lifeco is indirectly controlled by Montreal billionaire Paul Desmarais through his stake in the Power Corporation of Canada (owned by the Desmarais family since 1968), which owns 72% (down slightly from 74.6% in 2005) of Great-West Lifeco. The hyphen in the company's name was originally a typesetter's error. For the three months ended June 2013, 63% of revenue originated in Canada, 26% from the U.S., and 10% from Europe. Group retirement products (Canadian sales up 49%) and 401k mark ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Investment
Union Investment (; formal name Union Asset Management Holding AG) is the investment arm of the DZ Bank Group and part of the cooperative financial services network. It was founded in 1956 and is headquartered in Frankfurt. Trading in open-end funds occurs in part through the 1,101 credit unions in Germany (Volksbanken Raiffeisenbanken Co-operative, including Sparda-Banks, PSD-banks, etc.) and in part through the external services of Bausparkasse Schwäbisch Hall AG, DZ Bank Group's building society. The primary shareholders in Union Investment are DZ Bank with 54.44% and WGZ Bank (the central bank of the credit unions in the Rhineland and Westphalia) with 17.72%. Other shareholders include BBBank and the credit unions through their membership associations. , Union Investment has self-declared assets under management of approximately 368.2 billion euro. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DZ Bank
DZ Bank AG () is the second largest bank in Germany by asset size and the central institution for around 800 cooperative banks and their around 8,500 branch offices. Within the German Cooperative Financial Group, which is one of Germany's largest private sector financial service organizations, DZ Bank functions both as a central institution and as a corporate and investment bank. DZ Bank is an acronym for Deutsche Zentral-Genossenschaftsbank (literally "German Central Cooperative Bank"). As a holding, the DZ Bank Group defines itself primarily as a service provider for local cooperative banks and their 30 million or so clients. The DZ Bank Group includes: DVB Bank, a transportation finance bank; Bausparkasse Schwäbisch Hall, a building society; DZ HYP (), a provider of commercial real estate finance; DZ Privatbank Gruppe; R+V Versicherung, an insurance company; TeamBank, a provider of consumer finance; Union Investment Group, an asset management company; VR Leasing; an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pension Fund
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity. The Federal Old-age and Survivors Insurance Trust Fund, which oversees $2.66 trillion in assets, is the world's largest public pension fund. Classifications Open vs. closed pension fund Open pension fu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lehman Brothers
Lehman Brothers Holdings Inc. ( ) was an American global financial services firm founded in 1847. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), with about 25,000 employees worldwide. It was doing business in investment banking, equity, fixed-income and derivatives sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008. On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection following the exodus of most of its clients, drastic declines in its stock price, and the devaluation of assets by credit rating agencies. The collapse was largely due to Lehman's involvement in the subprime mortgage crisis and its exposure to less liquid assets. Lehman's bankruptcy filing was the largest in US his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shearson Lehman Brothers
Shearson was the name of a series of investment banking and retail brokerage firms from 1902 until 1994, named for Edward ShearsonA thousand American Men of Mark of Today 20th Edition, 1917. p.323 and the firm he founded, Shearson Hammill & Co. Among Shearson's most notable incarnations were Shearson / American Express, Shearson Lehman / American Express, Shearson Lehman Brothers, Shearson Lehman Hutton and finally Smith Barney Shearson. For its first eight decades, the firm operated independently and merged with several securities firms including [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
