130–30 fund

A 130–30 fund or a ratio up to 150/50 is a type of collective investment vehicle, often a type of specialty mutual fund, but which allows the fund manager simultaneously to hold both long and short positions on different equities in the fund. Traditionally, mutual funds were long-only investments. 130–30 funds are a fast-growing segment of the financial industry; they should be available both as traditional mutual funds, and as exchange-traded funds (ETFs). While this type of investment has existed for a while in the hedge fund industry, its availability for retail investors is relatively new.

A 130–30 fund is considered a long-short equity fund, meaning it goes both long and short at the same time. The "130" portion stands for 130% exposure to its long portfolio and the "30" portion stands for 30% exposure to its short portfolio. The structure usually ranges from 120–20 up to 150–50 with 130–30 being the most popular and is limited to 150/50 because of Reg T limiting the short side to 50%.

International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage

The International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992, often referred to as FUND92 or FUND, is an international maritime treaty. The original FUND convention in 1969 was drawn up as an enhancement to CLC meant on one hand to relieve shipowners from unfair liabilities due to unforeseeable circumstances and on the other hand remove liability caps that some member states thought were too low. The fund is obliged to pay victims of pollution when damages exceed the shipowner's liability, when there is no liable shipowner, or when the shipowner is unable to pay its liability. The fund is also required to "indemnify the shipowner or his insurer" in spills where a ship is in full compliance with international conventions, and no wilful misconduct caused the spill.

The 1992 convention came into force on 30 May 2006. As of May 2013, the convention had been ratified by 111 states representing 91.2 per cent of the gross tonnage of the world's merchant fleet. The Bolivian, North Korean, Honduran, Lebanese, and, Mongolian flags of convenience have not ratified the treaty.

Vision (festival)

Vision is the annual national-level technical symposium of Department of Electronics and Communication Engineering, Anna University, Chennai. It was started in 1997 to promote technology and entrepreneurship in India. Vision 2013 was held April 10–12, 2013.

References

Vision statement

A vision statement is a declaration of an organization's objectives, ideally based on economic foresight, intended to guide its internal decision-making.

Definition and structure

A vision statement is a company's road map, indicating both what the company wants to become and guiding transformational initiatives by setting a defined direction for the company's growth. Vision statements undergo minimal revisions during the life of a business, unlike operational goals which may be updated from year-to-year. Vision statements can range in length from short sentences to multiple pages. Vision statements are also formally written and referenced in company documents rather than, for example, general principles informally articulated by senior management. A vision statement is not limited to business organizations and may also be used by non-profit or governmental entities.

A consensus does not exist on the characteristics of a "good" or "bad" vision statement. Commonly cited traits include:

Frank Duval

Frank Duval (born November 22, 1940, Berlin) is a German composer, conductor, record producer, songwriter and singer.

Born into an artists' family, he studied as an actor and dancer, but also sang with his sister, Maria. By the 1960s, Duval was also composing music, both orchestral and pop, and his first soundtrack, for an episode of the German serial Tatort, was broadcast in 1977. From his 1979 first album, Die Schönsten Melodien Aus Derrick und der Alte, the song "Todesengel" became a moderate hit.

During the 1980s, Duval released several soundtracks, as well as proper artist albums (with occasional lyrical help from his wife, Kalina Maloyer). He was in the German charts several times, with "Angel of Mine" (a number one hit in 1981), "Ways" (1983), "Lovers Will Survive" (1986), and "When You Were Mine" (1987).

Duval wrote songs for Ivan Rebroff, Alexandra, Karin Huebner, Margot Werner, Klaus Löwitsch, and Maria Schell.

Albums