翻訳と辞書 Words near each other ・ Transition design ・ Transition dipole moment ・ Transition economy ・ Transition edge sensor ・ Transition engineering ・ Transition frequency ・ Transition from Renaissance to Baroque in instrumental music ・ Transition from Sui to Tang ・ Transition from walking to running ・ Transition function ・ Transition Gallery ・ Transition Glacier ・ Transition House Association of Nova Scotia ・ Transition layer ・ Transition Magazine ・ Transition management ・ Transition management (governance) ・ Transition metal ・ Transition metal alkene complex ・ Transition metal alkyne complex ・ Transition metal benzyne complex ・ Transition metal carbene complex ・ Transition metal carbyne complex ・ Transition metal dichalcogenide monolayers ・ Transition metal dinitrogen complex ・ Transition metal dioxygen complex ・ Transition metal hydride ・ Transition metal oxo complex ・ Transition metal thiolate complex ・ Transition methodology Dictionary Lists mini英和辞書 mini和英辞書 Webster 1913 Latin-English FOLDOC Wikipedia English ウィキペディア

翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Transition management ： ウィキペディア英語版 Transition management Transition management, in the financial sense, is a service usually offered by sell side institutions to help buy side firms transition a portfolio of securities. Various events including acquisitions and management changes can cause the need for a portfolio to be transitioned. A typical example would be a mutual fund has decided to merge two funds into one larger fund. In doing this, large quantities of securities will need to be bought and sold. Another frequent occurrence is a firm wanting to liquidate a large portfolio. The process of doing this can be very expensive. The costs include commissions, market impact, bid-offer spreads, and opportunity costs. A firm seeking to transition a portfolio will often look for an outside firm to perform the transition. Transition managers are generally able to transition the portfolio at a lower cost than what a firm could do internally. Companies offering transition management can also add value by helping plan the transition, managing risk during the transition, and generating reports after the transition. Such companies are often referred to as Transition companies. Transition managers have a number of methods to help transition a portfolio. Usually they are directly connected to multiple markets or liquidity centers. They can execute orders using algorithmic trading, and thereby minimize market impact. Since they may be transitioning several different portfolios they can cross orders, reducing commission and exchange fees. Additionally, they may have specialist traders who handle illiquid securities. A fiduciary-friendly recent trend has been to remove all conflicts of interest associated with transition management by "unbundling" advice from execution through the use of a transition or brokerage consultant. In this way, the adviser's sole possible interest is improving performance and lowering execution costs, rather than having a trader and adviser under the same roof. ==References== 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Transition management」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.