How Finance Fueled Students' And Nonprofit's Future
Based on the decision taken, sources said, a notification will be issued shortly. Currently, there are three fund managers for managing pension corpus of government employees. They are LIC Pension Fund Ltd, SBI Pension Funds Pvt Ltd and UTI Retirement Solutions Ltd. Private sector pension corpus is managed by 8 players including three fund managers who manages the government employees' corpus. The other five players are HDFC Pension Management Company Ltd, ICICI Prudential Pension Funds Management Company Ltd, Kotak Mahindra Pension Fund Ltd, Reliance Capital Pension Fund Ltd and DSP BlackRock Pension Fund Managers Pvt Ltd.
RPT-Fitch Updates Criteria for Servicing Continuity Risk in Structured Finance
We interviewed the borrowers CFO and presented our findings to RSFs credit committee for final approval. With this experience under our belts and with the knowledge that there are innumerable nonprofits that could benefit from impact investments, we devised sofiwire.com , a database for social enterprises to search for funding given their individual characteristics. Student interest isnt the only expanding aspect of impact investment. Financial firms including Goldman Sachs are turning to impact investing as another profitable revenue source that may do even more for their reputation than for their bottom line. Boston Consulting Group estimates impact investing in the market may comprise as much as 1 billion ($1.5 billion) by 2016. The Global Impact Investing Network (GIIN) is even more optimistic, estimating that, of those already engaged in impact investing, 5-10 percent of overall portfolios will be allocated to impact investments in ten years. With customer activism and public fallout from 2008 still lingering, investors and foundations are speaking up: a rapidly growing supply of capital is seeking placement in impact investments across geographies, sectors, and asset classes, with a wide range of return expectations ( GIIN ).
The update does not contain any material changes and will not have any rating impact on existing transactions. No ratings will be reviewed as a result of the criteria update. The report entitled 'Criteria for Servicing Continuity Risk in Structured Finance' is available at www.fitchratings.com and replaces the previous report dated 10 August 2012. The report is available at www.fitchratings.com or by clicking on the link below.
Old-Fashioned Regulators Miss What?s New in Finance
Nobodys in any hurry, and the complexity of the issue has shielded it from political attention. Calling for stronger consumer protection or for the banks to be broken into smaller pieces is more thrilling than (yawn) demanding better regulation of repo and other non-deposit shadow-banking liabilities. Thats a shame. If regulators keep moving this slowly on modern short-term finance, the next crash -- which will be thrilling, but in a bad way -- is just a matter of time.