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Apple: if you invested $1,000 when we doubled down in 2008, youd have $44,990 !* Two additional key performance indicators that management will be discussing on this call are net asset value or NAV and return on equity or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per-share basis.
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,034 !* Two additional key performance indicators that management will be discussing on this call are net asset value, or NAV, and return on equity, or ROE. NAV is defined as total assets minus total liabilities and is also reported on a per share basis.
This trend was even more pronounced among funds managing over $50-billion, with Canadian pensions handling 80 per cent of assets in-house versus 34 per cent for their global peers. OTPP now manages over $250-billion, compared with $15-billion in 1997. This model works best for funds whose pension liabilities are indexed to inflation.
For example, we entered the hedge fund of funds business in 1990, real estate in 1991 when values had collapsed following the savings and loan crisis, and credit in 1998, which we expanded substantially in 2008 ahead of the generational investment opportunities that arose from the global financial crisis. And we have no insurance liabilities.
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,456 !* I want someone else to do that, and I'm willing to pay a little bit in terms of a managementfee. And the numbers speak for themselves: Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,285 !*
Gomes and Michaelides (2008) suggest the greater supply of riskless assets, such as government debt securities, could lead to households investing less of their net worth in risky assets, lowering their consumption volatility and, in turn, the equity premium. Palgrave Macmillan. Federal Reserve Bank of St. Review of Financial Studies 21, no.
Gomes and Michaelides (2008) suggest the greater supply of riskless assets, such as government debt securities, could lead to households investing less of their net worth in risky assets, lowering their consumption volatility and, in turn, the equity premium. 3General government debt from OECD (2021). 5Reuters (2011). Palgrave Macmillan.
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,329 !* Asset and wealth management reported net income of $1.4 Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. billion with pre-tax margin of 33%. For the quarter, revenue of $5.4
It's literally the worst year we've had since 1995, even worse than 2008. So, there's definitely what we call risk management. So, there's some risk managementfees because just our legal costs are going up significantly. If I were to characterize 2023, I would call it the year of operational excellence.
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $41,999 !* So, in the industry, the availability of like e-commerce options keeps increasing, whether it's the broader assortment or wider delivery radius or even maybe more manageablefees. Thank you for sneaking me in.
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $41,999 !* And that, I think, is what we'll be able to do through this fund structure and enhance our co-investment through the recurring asset managementfee stream, which is essentially the monetization of the platform that we have.
An expansion of the CPP would transfer these risks from individual workers to the government, which is much better placed to manage them, as it can pool risks across all Canadian workers and across generations of workers. Claude Lavoie was director-general of economic studies and policy analysis at the Department of Finance from 2008 to 2023.
But we were in a decreasing rate environment, which meant that everybody who had a property that they wanted to either refinance or go buy, and there wasn't a lot of acquisition activity during the GFC, particularly 2008, 2009, they had capital and Fannie and Freddie particularly were able to deploy. Fast-forward to the pandemic.
But I also learned along the way that you rarely die, I mean as a company, from your P&L or from your assets, but you always die from your liabilities. Coming back to my comment, again, it’s your liability side. And I think this is where the industry should be heading. And there’s been plenty of comment there.
Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,529 !* Over the last 12 months, we have grown managementfees by 26%, fee-related earnings by 27%, and distributable earnings by 22%, all compared to the prior-year period. AUM not yet paying fees, was $21.7 FRE is up 27% and DE is up 22%.
Apple: if you invested $1,000 when we doubled down in 2008, youd have $44,088 !* We also maintained a well-diversified, high-quality investment portfolio, and a disciplined approach to asset liabilitymanagement. Netflix: if you invested $1,000 when we doubled down in 2004, youd have $536,525 !* Turning to Slide 12. In the U.S.
Excluding the prior year's net investment securities losses, it was up 21%, largely on higher asset managementfees and investment banking fees. Apple: if you invested $1,000 when we doubled down in 2008, youd have $44,179 !* Then to complete our lines of business, asset and wealth management on Page 7.
Apple: if you invested $1,000 when we doubled down in 2008, youd have $42,357 !* This demonstrates the positive financial impact of the Cambridge merger and our ability to manage funding costs lower with recent rate reductions from the Federal Reserve. Excluding this item, wealth managementfees were up 1.9
By significantly expanding our credit platform in 2008 in advance of the extraordinary investment opportunities that arose from the global financial crisis. Notwithstanding the temporary impact from these fee holidays, managementfees increased 5% year over year to a record $1.8 Fee-related earnings were $1.1
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