Investment Process. The Advisor shall make timely recommendations to the Trustee as to how the Trustee should invest and reinvest the assets of the Subaccount and, in that connection, may recommend that the Trustee purchase, sell or otherwise invest the assets of the Subaccount on the terms and conditions recommended by the Advisor in a manner consistent with the provisions of this Agreement. The manner and procedures for effecting any such purchases, sales or investments are set forth in Subsection 4(c) below. From time to time at the request of the Trustee, the Advisor shall consult with the Trustee on a timely basis with respect to any recommendation made by the Advisor or otherwise with respect to the investment of the assets of the Subaccount.
Investment Process. Subject to the Trustee’s authority for making investments, the Advisor shall invest the assets of the Subaccount in a manner consistent with the provisions of this Agreement and the Investment Guidelines. The manner and procedures for effecting any purchases, sales or investments for the Subaccount are set forth in Subsection 4(c) below.
Investment Process. The Advisor acknowledges that the Sub-Advisor uses a multi-factor model in a quantitative process that undergoes constant review for possible enhancement or modification. Sub-Advisor agrees that the investment process shall retain the same growth equity investment style.
Investment Process. Winton follows a discxxxxxxd investment process that is based on scientific analysis of past data. The initial stage of the process involves collecting, cleaning and organizing large amounts of data. Winton uses a wide vaxxxxx of data inputs including factors that are intrinsic to markets, such as price, volume and open interest; and those that are external to markets, such as economic statistics, industrial and commodity data and public company financial data. Winton conducts scienxxxxx research into the data in an attempt to quantify the probability of particular markets rising or falling, conditional on a variety of quantifiable factors. Winton’s research is xxxx xx develop mathematical models that attempt to forecast market returns, the variability or volatility associated with such returns (often described as “risk”), correlation between markets and transaction costs. These forecasts are used in investment strategies that determine what positions should be held to maximize profit within a certain range of risk. Generally, if rising prices are forecast, a long position will be established or maintained and if falling prices are forecast, a short position will be established or maintained. As a result of Winton’s research, Wixxxx xxxieves that xxx xxvestments made in accordance with this process will have a slightly better than even chance of being successful which creates an expectation of profits over the long-term. Historically, Winton’s research focxxxx xx developing trend-following strategies that invest in futures contracts (based on data that is intrinsic to markets). However, in recent years, Winton has increased xxx xxe of non-trend-following strategies (generally based on data that is external to markets). Winton’s investment sxxxxxxxxs are operated as an automated, computer-based system. This investment system is modified over time as Winton monitors its oxxxxxxon and undertakes further research. Changes to the system occur as a result of, amongst other things, the discovery of new relationships, changes in market liquidity, the availability of new data or the reinterpretation of existing data. Most of Winton’s investments xxx xxxx strictly in accordance with the output of the system. However, Winton may, on occasixx (xxch as the occurrence of exceptional events that fall outside the parameters of the research on which the system is based), make investment decisions based on other factors and take action to override the output of the system t...
Investment Process. Each of the Purchasers has independently evaluated its investment decision, followed its own investment procedures, and conducted diligence and received information it needs for an informed decision. Each Purchaser has access to and has reviewed, to the extent such Purchaser, so desires, the Company’s filings with the Securities and Exchange Commission (the “SEC”), which filings are available at the SEC’s website (xxxxx://xxx.xxx.xxx).
Investment Process. The Investor has independently evaluated his or her investment decision; followed his or her own investment procedures; conducted diligence and received information he or she needed for an informed decision.
Investment Process. Subject to the Trustee’s authority for making investments, the Advisor shall invest the assets of the Subaccount in a manner consistent with the provisions of this Agreement and the Investment Guidelines. The manner and procedures for effecting any purchases, sales or investments for the Subaccount are set forth in Subsection 4(c) below. In-Kind Securities will be transferred into the Account in accordance with Appendix B, and Appendix B is hereby incorporated into this Agreement. The Advisor may delegate portfolio management and administrative duties to its affiliates and may share such information as necessary to accomplish these purposes. Additionally, the Advisor will have the ability to delegate back office services to State Street Investment Manager Solutions, LLC. In all cases, the Advisor shall remain liable as if such services were provided directly. No additional fees shall be imposed for such services except as otherwise agreed.
Investment Process. The Firm shall demonstrate a sound process for sourcing, due diligence, selection, monitoring, and exiting investments. The investment process shall describe the Firm’s internal investment and management controls. The process should also provide for regular monitoring and valuing of existing investments, as well as a strategy and procedure for exiting investments. The Fund has carefully documented its investment processes, including those related to hiring advisors to manage the Fund’s investments. Those processes and due diligence tools are available for review on the Fund’s intranet at xxxx://xxx.xxxx.xxxxx.xx.xx/pp/cwp/browse and are incorporated by reference into this policy.
Investment Process. The Investment Adviser believes that persistent, structural inefficiencies are present in global equity index markets, especially at high frequencies of price change, particularly with respect to mean-reverting qualities in these markets. These inefficiencies are primarily driven by the high level of disparity between market participants with respect to skill, access to information, commissions, and speed of execution, as well as the disparities between different exchanges and time-zones. Short-term deviations from equilibrium take place from temporary liquidity shortages, which evaporate as liquidity returns to the market, resulting in a reversion of the instruments to its mean. The program scours the market for these opportunities, many of which can last less than one minute during any time of the day in any market across the world. The Investment Adviser statistically tests all the markets within the trading universe on a monthly basis to confirm mean-reverting characteristics, and to ensure that the models applied to the markets are not over-adjusting parameters. The system analyzes price tick data, as well as volume, and night session data. The Investment Adviser’s trading strategy relies heavily on historical statistical relationships that have existed either in individual markets or across several markets and considers relationships among select markets. The research group of the Investment Adviser consists of former scientists in such areas as theoretical physics, applied mathematics, computer science and engineering who possess extensive academic and financial experience and have developed trading strategies using their expertise in those areas. The Investment Adviser’s strategies depend heavily upon its ability to detect market inefficiencies by processing vast amounts of high-frequency data. Investment Policies Minimizing risk in relation to return is pivotal to the Investment Adviser’s investment framework and the Investment Adviser’s risk control system seeks to enable the trading account to withstand extreme events in financial markets. The Investment Adviser seeks to control the trading account portfolio’s risk in a manner consistent with the long-term investment objectives of the trading account. The Investment Adviser emphasizes diversification by trading a portfolio of equity indices over three geographical locations and multiple time-frames. Maximum risk level is assigned to each geographical region, model, market, and relationship. Risk...
Investment Process. STS has independently evaluated its investment decision; followed its own investment procedures; conducted diligence and received information it needed for an informed decision to purchase the Nexo Shares.
