Financial risk management

DGAP-News: Biotest AG: Biotest increases adjusted 9-month EBIT by over 21% to € 52 million

Retrieved on: 
Thursday, November 12, 2020
Credit risk, Financial risk management, Margin at risk, Mathematical finance, ebit, Finance, Money, Valuation, Economy

In the first nine months of the 2020 financial year, the Biotest Group recorded adjusted EBIT of 51.6 million.

Key Points: 
  • In the first nine months of the 2020 financial year, the Biotest Group recorded adjusted EBIT of 51.6 million.
  • The adjusted EBIT does not include the costs for the Biotest Next Level expansion project in the amount of 59.3 million (same period of the previous year: 49.7 million).
  • The adjusted EBIT margin rose to 15.1 % in the first nine months of the current fiscal year, compared to 14.4 % in the same period last year.
  • Based on the aforementioned factors, the Board of Management expects EBIT to be between -10 million and -5 million.

Presidential Historian Doris Kearns Goodwin to Keynote RMA Annual Risk Management Conference

Retrieved on: 
Wednesday, November 4, 2020
Articles, Actuarial science, Academic disciplines, Risk management, Financial risk management, Risk, Operational risk

PHILADELPHIA, Nov. 4, 2020 /PRNewswire/ -- Presidential historian and author Doris Kearns Goodwin will be the featured speaker on Day One of RMA's Annual Risk Management Virtual Conference , November 9-13.

Key Points: 
  • PHILADELPHIA, Nov. 4, 2020 /PRNewswire/ -- Presidential historian and author Doris Kearns Goodwin will be the featured speaker on Day One of RMA's Annual Risk Management Virtual Conference , November 9-13.
  • The message is sure to resonate with financial risk management practitioners as they adapt to the continuing challenges of the COVID-19 crisis.
  • "Attending the RMA Annual Risk Management Virtual Conference is a wise investment in your career, the success of your institution, and the well-being of your stakeholders."
  • RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk and operational risk.

Faircourt Asset Management Inc. Announces October Distributions

Retrieved on: 
Saturday, October 24, 2020
Finance, Money, Investment management, Net asset value, Trust law, Economy, Financial risk management, Unit trust, Investment fund

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.

Key Points: 
  • Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.
  • This press release is not for distribution in the United States or over United States wire services.
  • For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact 1-800-831-0304.
  • If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.

EIOPA consults on the supervision of the use of climate change scenarios in ORSA

Retrieved on: 
Monday, October 5, 2020
Capital requirement, Financial risk management, Own risk and solvency assessment, European Insurance and Occupational Pensions Authority, Finance, Financial risk, Money, Orsa, Climate risk, Pan-European Pension

Today, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation on the use of climate change risk scenarios in the Own Risk and Solvency Assessment (ORSA) in the form of a draft supervisory Opinion.

Key Points: 
  • Today, the European Insurance and Occupational Pensions Authority (EIOPA) published a consultation on the use of climate change risk scenarios in the Own Risk and Solvency Assessment (ORSA) in the form of a draft supervisory Opinion.
  • The draft Opinion sets out EIOPAs expectations to national competent authorities on how to supervise the integration of climate change scenarios by insurers in their ORSA, applying a risk-based and proportionate approach.
  • In particular, supervisors should expect insurers to subject material climate change risks to at least two long-term climate scenarios, where appropriate:

    The Opinion also provides practical guidance on the selection and implementation of scenarios.

  • EIOPA invites stakeholders to provide their views on the consultation paper by filling in the survey by 5 January 2021.

Faircourt Asset Management Inc. Announces September Distributions

Retrieved on: 
Wednesday, September 23, 2020
Finance, Money, Investment management, Net asset value, Economy, Trust law, Financial risk management, Unit trust, Investment fund

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.

Key Points: 
  • Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.
  • This press release is not for distribution in the United States or over United States wire services.
  • For further information on the Faircourt Funds, please visit www.faircourtas s etmgt.com or please contact 1-800-831-0304.
  • If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.

Revised Mercer U.S. Pension Buyout Index Methodology Shows That Costs of Annuity Buyouts Could Be Less Than Accounting Liability

Retrieved on: 
Thursday, September 17, 2020
Accounting, Professional services, Insurance, Finance, Finance, Money, Financial risk management, Pension buyout, Pension, Buyout, Financial economics, Mercer, the Mercer US Pension Buyout Index

The discovery comes following enhancements introduced by Mercer to its U.S. Pension Buyout Index (the Index).

Key Points: 
  • The discovery comes following enhancements introduced by Mercer to its U.S. Pension Buyout Index (the Index).
  • As of June 30, 2020, the new Index value was 97.7%, indicating that a hypothetical retiree buy-out transaction may cost 97.7% of the plans accounting obligations.
  • The revised methodology is more in line with the experience of the majority of Mercer clients who have executed retiree buy-outs and achieved a transaction price near or often below the accounting liability.
  • As such, we believe that the enhancements to the Mercer U.S. Pension Buyout Index more accurately reflect the economic reality in which we are operating.

Faircourt Asset Management Inc. Announces August Distributions

Retrieved on: 
Saturday, August 22, 2020
Finance, Money, Investment management, Net asset value, Economy, Trust law, Financial risk management, Unit trust, Investment fund

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.

Key Points: 
  • Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.
  • This press release is not for distribution in the United States or over United States wire services.
  • For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact 1-800-831-0304.
  • If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.

Faircourt Asset Management Inc. Announces July Distributions

Retrieved on: 
Thursday, July 23, 2020
Finance, Money, Investment management, Net asset value, Economy, Trust law, Financial risk management, Unit trust, Investment fund

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.

Key Points: 
  • Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust.
  • This press release is not for distribution in the United States or over United States wire services.
  • For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact 1-800-831-0304.
  • If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.

GMO to Acquire Usonian Investments

Retrieved on: 
Friday, July 17, 2020
Consulting, Banking, Professional services, Finance, Economy, Finance, Financial risk management, Grantham, Usonia, Investment management

Grantham, Mayo, Van Otterloo & Co. LLC (GMO), a global investment manager, is pleased to announce it has reached an agreement to acquire Usonian Investments LLC (Usonian), a fundamental, long-term, value-oriented Japan equity manager with approximately $1 billion under management and offices in Chicago and Tokyo.

Key Points: 
  • Grantham, Mayo, Van Otterloo & Co. LLC (GMO), a global investment manager, is pleased to announce it has reached an agreement to acquire Usonian Investments LLC (Usonian), a fundamental, long-term, value-oriented Japan equity manager with approximately $1 billion under management and offices in Chicago and Tokyo.
  • Joining GMO is an incredible opportunity to benefit from the global reach and support of a world-class asset management firm, said Usonian Portfolio Manager and CEO Drew Edwards.
  • The Usonian strategy will be available as a new standalone offering for GMO clients and a complementary investment within Asset Allocation portfolios.
  • GMO will continue Usonians Tokyo presence, and the Chicago-based Usonian Investments team joining GMO will relocate to the firms Berkeley, CA office.

Pzena Investment Management Appointed by St. James’s Place as Co-Manager of Its Global Value Fund

Retrieved on: 
Monday, July 13, 2020
Finance, Economy, Money, Financial risk management, Investment management, Registered Investment Adviser, Sovereign wealth funds, Virtus Investment Partners, Investment fund

NEW YORK, July 13, 2020 (GLOBE NEWSWIRE) -- Pzena Investment Management announced its appointment by St. James's Place PLC as a manager in its Global Value Fund.

Key Points: 
  • NEW YORK, July 13, 2020 (GLOBE NEWSWIRE) -- Pzena Investment Management announced its appointment by St. James's Place PLC as a manager in its Global Value Fund.
  • Pzena will manage 50% of the fund based on its Global Focused Value strategy, its flagship global strategy managed since 2004.
  • Our clients know that we will not deviate from true value investing, and that such commitment is necessary to achieve long-term investment success."
  • Pzena Investment Management, LLC (Pzena), an independent, registered investment advisor, began managing assets in 1996.