Reynolds Holding

APRIL 7, 2024

The financial companies can play this role both by reducing their financing of carbon-intensive industries and providing the capital required by sustainable alternatives. PCAF seeks to develop GHG accounting for loans and investments, and member companies commit to implementing these standards and disclosing their portfolio emissions.

Finance 59

Finance Banking Marketability Start-ups 59

Reynolds Holding

MAY 25, 2023

Investment Company Act of 1940 There is a saying when you’re in the woods. A bit gruesome, yet this helps explain why investors might try to cash out of investments before the proverbial bear—of dilution and illiquidity—catches them. 8] Registered investment funds have grown to more than $30 trillion, with more than 16,000 funds. [9]

Banking 40

Banking Treasury Marketability Start-ups 40

Equilest

SEPTEMBER 1, 2023

En bloc essentially refers to the collective sale of a property, where a group of owners collectively sell their individual units to a developer. En bloc value, also known as collective sale value, refers to the price at which a property or a group of properties is sold collectively to a developer. What is En Bloc Value?

Marketability 40

Marketability Business Valuation Compliance Banking 40

Benzinga

MARCH 20, 2023

GenZeroes Productions is the owner of and produced a live-action series consisting of live-action episodes and comics in the science fiction genre, with lore that includes references to the GenX collection (a collection of robot characters created by artists). The Note shall be secured against the shares of GenZeroes Productions Inc.

Beta 40

Beta Alpha 40

ThomsonReuters

FEBRUARY 8, 2021

Organizations that invest in alternative investments and receive K-1s must engage in large amounts of repetitive data entry work to translate PDF or paper copies of K-1s into meaningful data to use in a tax return. The K-1 issue: A big problem is getting bigger. K-1 Analyzer: The first step toward a digital K-1.

Technology 52

Technology Compliance 52

Musings on Markets

JANUARY 11, 2024

I started in the MBA program at University of California at Los Angeles (UCLA) in 1979, at the tail-end of its basketball glory days, fully expecting to move on to a career in consulting or investment banking, when I was done.

Corporate Finance 128

Corporate Finance Finance Start-ups Dividends 128

ThomsonReuters

AUGUST 25, 2023

Managing rental property depreciation with software Owning rental property can be an attractive real estate investment for many given the ability to collect rent and profit from the future, long-term sale of the property. In general, investment property placed into service after 1986 is depreciated using the MACRS depreciation system.

Compliance 52

Compliance Technology 52

ThomsonReuters

FEBRUARY 9, 2024

Tax planning shift s: If passed, this legislation necessitates advising clients on restructuring executive compensation and exploring alternative tax strategies. Investment impact: Changes in tax treatment influence investment decisions, necessitating guidance on portfolio implications and strategies amidst geopolitical considerations.

Compliance 110

Compliance Dividends Technology Accounting Firms 110

ABI

JANUARY 23, 2024

First , whether the Foreign Representative’s service of a subpoena by alternative means of service, specifically email and social media, was reasonably calculated to provide notice. [1] the Debtor”) was an investment firm founded by Kyle Livingstone Davies (“Davies”) and Su Zhu (“Zhu” and collectively with Davies, “the Founders”). [3]

Compliance 40

Compliance Marketability 40

M&A Leadership Council

OCTOBER 22, 2023

Yes, but each of these alternatives can be costly. The Supreme Court made it more difficult for plaintiffs to challenge a company pension fund's investment in its own stock in Fifth Third Bancorp v. How does the existence of collective bargaining agreements affect postmerger management? Dudenhoeffer , 134 S. 2459 (2014).

Mergers & Acquisitions 52

Mergers & Acquisitions Finance Technology 52

Reynolds Holding

MAY 3, 2023

This expansion of Form PF data collection is the latest reflection of the Commission’s unquestioning faith in the Benevolent Power of More, a faith that I do not share. Investors who want more guardrails can invest in registered funds. Thank you, Chair Gensler. 31, 2011), [76 FR 71128 (Nov. 31, 2011), [76 FR 71128 (Nov.

Compliance 45

Compliance Marketability Equity 45

Audit Board

MAY 5, 2023

Things like data centralization, evidence collection, having audit logs are going to be critical. Claire Feeney: “Next, collect all the ESG data and metrics. A lot of teams that we work with maybe understand what is material, have some frameworks, have collected data, but that is very time consuming.

Start-ups 52

Start-ups Compliance Technology Marketability 52

Reynolds Holding

FEBRUARY 1, 2024

Few topics in the corporate and securities law literature are as controversial as securities class actions – that is, actions in which shareholders of public firms seek to collectively obtain compensation for damages resulting from false or misleading statements in corporate disclosures.

Marketability 59

Marketability Firm Value Banking 59

Andrew Stolz

JUNE 19, 2020

In layman context, CCC is an analysis of the duration between a firm cash collection and its disbursement and is calculated as Days to inflows – Days to outflows. However, this limitation can be remediated by an alternative measurement call CCC, which incorporates the time element in its computation. Days of Sales Outstanding (DSO).

Finance 52

Finance Marketability 52

Harvard Corporate Governance

NOVEMBER 23, 2022

At one end of the spectrum, over 100 comments from commentators including asset managers/investment companies and NGO/Third sector entities generally supported broader Scope 3 disclosure (see, for example, CalSTRS , Engine No.1 Taking an alternate view, Impax Asset Management, L.L.C. This proposal prompted a range of responses.

Banking 200

Banking Finance Corporate Finance Accounting Firms 200

Reynolds Holding

SEPTEMBER 14, 2023

We add to the existing literature by presenting newly collected data on the shareholdings of the 25 largest institutional investors in each of the Continental European companies included in the Euro Stoxx 50 and the 15 largest UK companies included in the FTSE 100.

Banking 64

Banking Finance Equity Marketability 64

Reynolds Holding

MARCH 8, 2023

listed firms between 1993 and 2013 using manual data collection and careful review of the nature of the turnover (firings, sudden deaths, etc.). According to Shleifer and Vishny (1989), some CEOs have an incentive to entrench themselves through manager-specific investments (e.g., CEO investment cycles. Shen and Canella, 2002).

Start-ups 72

Start-ups Firm Value Finance 72

Reynolds Holding

FEBRUARY 11, 2024

Spotify was founded to provide music fans with an alternative to piracy. But it needed the catalogs from the major record labels, which together collectively control 75 percent of the recorded music market and nearly all popular music. The recording industry collectively earned over $12 billion in 2022.

Marketability 59

Marketability Equity Technology Finance 59

Musings on Markets

JANUARY 28, 2024

In this post, I look at risk, a central theme in finance and investing, but one that is surprisingly misunderstood and misconstrued. Risk Measures There is almost no conversation or discussion that you can have about business or investing, where risk is not a part of that discussion. What is risk?

Risk Premium 93

Risk Premium Beta Start-ups Equity 93

Musings on Markets

MAY 5, 2023

A bank collects deposits from customers, offering the quid quo pro of convenience, safety and sometimes interest income (on those deposits that are interest-beating) and either lends this money out to borrowers (individuals and businesses), charging an interest rate that is high enough to cover defaults and leave a surplus profit for the bank.

Banking 76

Banking Equity Start-ups Treasury 76

Equilest

APRIL 9, 2024

Mitigating Legal Risks: A Guide to Regulatory Compliance Data Collection and Analysis Gathering relevant data and conducting thorough analysis are integral components of the valuation process. However, the time and resources invested in these endeavors often go unnoticed, constituting hidden costs that warrant careful consideration.

Business Valuation 40

Business Valuation Compliance Asset-based Approach Technology 40

Reynolds Holding

MAY 9, 2022

Everyone is aware of examples of phenomenally successful VC investments, including in Amazon, Facebook, and Tesla. Since investments in VC are not publicly traded, valuations reported by general partners (GPs) and possibly by limited partners (LPs) are based on fair value standards and are subject to judgment and selective reporting.

Venture Capital Fund 59

Venture Capital Fund Private Equity Firm Finance Corporate Finance 59

Musings on Markets

MAY 7, 2023

I also used the banking framework to argue that good banks have stickier deposits, with a higher precent of these deposits being non-interest bearing, that they invest in loans and investment securities on which they earn interest rates that cover and exceed the default risk in these investments.

Banking 63

Banking Price to Book Dividends Book Value 63

ThomsonReuters

DECEMBER 19, 2023

These taxes aim to shift economic activity toward environmentally friendly alternatives. Effective July 1, 2022, the Infrastructure Investment and Jobs Act reinstated the Section 4661 excise tax on chemicals (other than ODCs) and the Section 4671 tax on imported chemical substances. Assess tax implications of ESG investments.

Compliance 52

Compliance Finance Accounting Firms Marketability 52

Reynolds Holding

SEPTEMBER 20, 2022

When investors purchase shares or bonds of a corporation managed by somebody they do not know, there are two risks at play: that managers may run away with the investors’ money and that the government may expropriate the investment. But how can a state be prevented from expropriating investments, the second risk noted above?

Finance 105

Finance Marketability Banking Equity 105

Benzinga

OCTOBER 25, 2022

Compelling Value Relative to Alternatives. Floating Shareholders have the opportunity to remain invested in the high-growth cannabis industry through equity ownership in Canopy Shares, one of the world's largest cannabis operators. Strategic Alternatives and Business Costs. Continued Industry Participation.

Marketability 40

Marketability Equity 40

Reynolds Holding

MAY 2, 2022

Securities and Exchange Commission (SEC) is concerned that firms using private rather than public sources of financing limits investment opportunities for ‘Main Street’ investors and reduces the availability of “transparent, information rich and fair” public prices. In recent decades, however, there has been a decreasing number of U.S.

Equity 59

Equity Finance Marketability Technology 59

Musings on Markets

DECEMBER 15, 2021

For much of the last two years, rather than teach my classes in a classroom, I taught my classes from my home office, making a few low-cost, low-tech investments to improve my set up. I have always described myself as a teacher , first and foremost, but like many of you, COVID has been a disruptor.

Corporate Finance 56

Corporate Finance Finance Start-ups Technology 56

Musings on Markets

JANUARY 8, 2022

Not surprisingly, Moneyball has found its way into business and investing as well. Mean Reversion works, until it does not : Much of investing over the last century in the US has been built on betting on mean reversion, i.e. that things revert back to historical norms, sooner rather than later. Sometimes, less is more!

Risk Premium 91

Risk Premium Start-ups Market Capitalization Corporate Finance 91

Reynolds Holding

MARCH 17, 2024

Debtholders tend to be more risk averse due to concerns about a firm’s ability to fulfill its financial obligations, while shareholders often prefer riskier capital investments that maximize shareholder wealth. Both pensions and deferred compensation are unsecured, rendering them fundamentally similar to the firm’s externally-financed debt.

Liquidation Value 59

Liquidation Value Equity Finance Marketability 59

Reynolds Holding

MAY 16, 2023

Aligning with the growing importance of ESG concerns to investors, and coinciding with increased investor appetite for ESG-related investment portfolios, the SEC created the Climate and ESG Task Force (the “Task Force”) within the Division of Enforcement on March 4, 2021.

Start-ups 45

Start-ups Compliance Finance Marketability 45

IVSC

JANUARY 24, 2022

With 1,607 respondents collected from a random sample of CFA Charterholders, the feedback is clear. Most investors believe amortization does not allow for discernment of good vs. bad managers, distorts financial metrics, and does not provide decision-useful information for investment analysis.

Intangible Assets 130

Intangible Assets Business Valuation Enterprise Value Marketability 130

Brian DeChesare

JANUARY 19, 2022

FSG Investment Banking: What the Financial Sponsors Group Does The Financial Sponsors Group vs. the Financial Institutions Group The Financial Sponsors Group vs. Leveraged Finance vs. Debt Capital Markets Recruiting: Who Gets Into the Financial Sponsors Group? Table Of Contents. So what’s the difference?”. normal, non-wealthy individuals).

Private Equity Firm 77

Private Equity Firm Banking Equity Finance 77

Musings on Markets

MAY 6, 2022

Inflation: The Full Story I wrote my first post on this blog in 2008, and inflation merited barely a mention until 2020, though it is an integral component of investing and valuation. That, of course, brings us to cryptos, NFTs and other, more recent, entrants into the investment choice list.

Risk Premium 92

Risk Premium Treasury Start-ups Equity 92

Reynolds Holding

MAY 18, 2022

We oversee 24 national securities exchanges, 99 alternative trading systems, nine credit rating agencies, seven active registered clearing agencies, five self-regulatory organizations and other external entities. Since 2016, the number of private funds managed by registered investment advisers has increased 40 percent, to 50,000.

Marketability 59

Marketability Finance Corporate Finance Technology 59

Reynolds Holding

JUNE 23, 2022

The Agenda does contemplate pursuit of some important mission-focused rules, such as updates to the investment adviser custody rules, [8] data security rules for the Consolidated Audit Trail, [9] updates to the electronic recordkeeping rules for broker-dealers, [10] and rules to shift from paper to electronic filings. [11] 9] See id. (“The

Treasury 45

Treasury Marketability Compliance Finance 45

Reynolds Holding

APRIL 5, 2023

This agency’s clients are the 330 million Americans, your constituents who invest in their 401(k)s and IRAs, trade through brokerage apps, take out mortgage or auto loans, or use robo-advisers. For example, from 2017 to 2022, the number of clients of registered investment advisers grew 60 percent from 34 million to 53 million.

Marketability 45

Marketability Technology Data Analysis Corporate Finance 45