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.

Program

Program (American spelling) or programme (British spelling) may refer to:

Communication

Business and management

Technology

Art and entertainment

Program management

Program management or programme management is the process of managing several related projects, often with the intention of improving an organization's performance. In practice and in its aims it is often closely related to systems engineering and industrial engineering.

The program manager has oversight of the purpose and status of the projects in a program and can use this oversight to support project-level activity to ensure the program goals are met by providing a decision-making capacity that cannot be achieved at project level or by providing the project manager with a program perspective when required, or as a sounding board for ideas and approaches to solving project issues that have program impacts. In a program there is a need to identify and manage cross-project dependencies and often the project management office (PMO) may not have sufficient insight of the risk, issues, requirements, design or solution to be able to usefully manage these. The program manager may be well placed to provide this insight by actively seeking out such information from the project managers although in large and/or complex projects, a specific role may be required. However this insight arises, the program manager needs this in order to be comfortable that the overall program goals are achievable.

Program (machine)

A program is a set of instructions used to control the behavior of a machine, often a computer (in this case it is known as a computer program).

Examples of programs include:

The execution of a program is a series of actions following the instructions it contains. Each instruction produces effects that alter the state of the machine according to its predefined meaning.

While some machines are called programmable, for example a programmable thermostat or a musical synthesizer, they are in fact just devices which allow their users to select among a fixed set of a variety of options, rather than being controlled by programs written in a language (be it textual, visual or otherwise).

William Sealy Gosset

William Sealy Gosset (13 June 1876 – 16 October 1937) was an English statistician. He published under the pen name Student, and developed the Student's t-distribution.

Life and career

Born in Canterbury, England to Agnes Sealy Vidal and Colonel Frederic Gosset, Gosset attended Winchester College before reading chemistry and mathematics at New College, Oxford. Upon graduating in 1899, he joined the brewery of Arthur Guinness & Son in Dublin, Ireland.

As an employee of Guinness, a progressive agro-chemical business, Gosset applied his statistical knowledge – both in the brewery and on the farm – to the selection of the best yielding varieties of barley. Gosset acquired that knowledge by study, by trial and error, and by spending two terms in 1906–1907 in the biometrical laboratory of Karl Pearson. Gosset and Pearson had a good relationship. Pearson helped Gosset with the mathematics of his papers, including the 1908 papers, but had little appreciation of their importance. The papers addressed the brewer's concern with small samples; biometricians like Pearson, on the other hand, typically had hundreds of observations and saw no urgency in developing small-sample methods.

Christ Church, Oxford

Christ Church (Latin: Ædes Christi, the temple or house, ædēs, of Christ, and thus sometimes known as "The House") is a constituent college of the University of Oxford in England. The college is associated with Christ Church Cathedral, Oxford, which serves as the college chapel and whose dean is ex officio the college head.

Like its sister college, Trinity College, Cambridge, it was traditionally considered the most aristocratic college of its university. It is the second wealthiest Oxford college by financial endowment (after St John's) with an endowment of £371.5m as of 2014.

Christ Church has produced thirteen British prime ministers, more than any other Oxbridge college.

The college was the setting for parts of Evelyn Waugh's Brideshead Revisited, as well as a small part of Lewis Carroll's Alice's Adventures in Wonderland. More recently it has been used in the filming of the movies of J. K. Rowling's Harry Potter series and also the film adaptation of Philip Pullman's novel Northern Lights (the film bearing the title of the American edition of the book, The Golden Compass). Distinctive features of the college's architecture have been used as models by a number of other academic institutions, including the National University of Ireland, Galway, which reproduces Tom Quad. The University of Chicago and Cornell University both have reproductions of Christ Church's dining hall (in the forms of Hutchinson Hall and the dining hall of Risley Residential College, respectively). ChristChurch Cathedral in New Zealand, after which the City of Christchurch is named, is itself named after Christ Church, Oxford. Stained glass windows in the cathedral and other buildings are by the Pre-Raphaelite William Morris group with designs by Edward Burne-Jones