Cum

Cum = With (Latin)

A share price described as cum dividend means the dividend is included in the share price. It is also used a prefix with other sorts of corporate activity.

Alliance Trust picks ARGA to replace Ben Whitmore

Alliance Trust says that Willis Tower Watson has appointed a new stock picker for its multi-manager global equity portfolio. ARGA Investment Management replaces Jupiter Asset Management, following Ben […]

Polar Capital Technology – Confidence building

Confidence building After a brief period of COVID-19-related volatility, confidence is returning in the technology sector. Shareholders seem to appreciate that the sector is wellplaced to weather the […]

BlackRock Throgmorton’s short book provides some cushion to March decline

In a monthly update release, BlackRock Throgmorton (THRG), the UK-smaller companies sector fund, said that its NAV was down by (24.7) over the month of March 2020. This […]

Acorn Income discusses its outlook

Acorn Income (AIF), the UK-focused small-cap equity and fixed-income trust, released its annual performance figures today. Over the year to 31 December 2019, AIF delivere a total return […]

Review of 2019 from Hedge fund trust Third Point Offshore Investors as it prepares name-change motion

Third Point Offshore Investors (TPOU), the events-driven bottom-up-focused hedge fund managed by Daniel S. Loeb’s Third Point LLC, focuses on four strategies where it believes it has a competitive advantage […]

QuotedData’s morning briefing 6 May 2020

Fidelity European Values (FEV) has delayed changing its name to Fidelity European Trust, which was expected to be completed in time to be effective from 12 May. FEV […]

Interims from Aberdeen Latin American Income as region underperforms wider emerging markets

Aberdeen Latin American Income (ALAI) reported interim results to 29 February 2020, with NAV total returns and the the shares declining by 8.0% and 8.2%, respectively. This was […]

Transformer model – artificial intelligence – AI

Transformer models or Transformers (launched by Google in 2017) are a type of neural network primarily used for natural language processing tasks. The model can weigh the importance of different parts of the input (by applying a set of mathematical techniques called self-attention) and allows for massive parallel processing. Unlike other models, transformers can handle […]

hATTR Amyloidosis

hATTR Amyloidosis – Hereditary transthyretin amyloidosis – is a rare disease that affects multiple organs and body systems, such as the heart, nervous system, gastrointestinal tract, and kidney. With this condition, there are problems with the way that proteins fold and these misfolded proteins aggregate into amyloid fibrils. These amyloid fibrils then accumulate in multiple […]

Fabry disease

Fabry disease is a rare genetic disorder caused by a defective gene (the GLA gene) in the body. In most cases, the defect in the gene causes a deficient quantity of the enzyme alpha-galactosidase A. This enzyme is necessary for the daily breakdown (metabolism) of a lipid (fatty substance) in the body called globotriaosylceramide abbreviated GL-3 […]

MWDC

MWDC is an acronym for MegaWatts defined conditions – power output given a specific set of circumstances

Grading under review

Grading under review notices are issued by the Regulator for Social Housing on all Registered Providers than own 1,000 or more units. The following is an extract from a paper produced by the regulator. There are four governance grades: G1 The provider meets our governance requirements. G2 The provider meets our governance requirements but needs […]

Heads of Terms agreement

Heads of Terms agreement is a document that sets out the terms of a commercial transaction agreed in principle between parties in the course of negotiations. Heads of terms shows serious intent and have moral force, but do not legally compel the parties to conclude the deal on those terms or even at all. However, provisions relating […]

SONIA

SONIA is the abbreviation for the Bank Of England’s Sterling Overnight Index Average and was first introduced in March 1997. SONIA is a widely used interest rate benchmark and the reference rate for sterling Overnight Indexed Swaps (OIS). The Bank of England became its administrator in April 2016, and introduced a series of reforms of the benchmark in April […]

Carried Value or Carrying Value

Carried Value or Carrying Value – the original cost of an asset, less the accumulated amount of any depreciation or amortization, less the accumulated amount of any asset impairments. This is similar to MOIC, which is gross multiple of invested capital. This expresses how much a private equity company has made on the realisation of a gain, relative […]

Core Capital

Core capital is composed of disclosed reserves and common stock. It can also include non-cumulative, non-redeemable preferred stock. As well as Core Capital, banks also use instruments to accumulate Tier 1 capital, such as preference shares and CoCos. However, such instruments must adhere to strict conditions. Capital acquired through these instruments can only account for […]

Gross multiple of invested capital (MOIC)

Gross multiple of invested capital (MOIC) expresses as a multiple how much a private equity company has made on the realisation of a gain, relative to how much they paid for it. E.g; if a private equity company reports a MOIC of 1.8x. the gain is 1.8 times greater than the original invested capital. This is similar to Carrying […]

Glossary

Cum