Closet Indexing: The Cost of Falling Asset Management Fees

2014 ◽  
Author(s):  
David C. Brown ◽  
Shaun William Davies
Keyword(s):  
Asset Management ◽  
Management Fees ◽  
The Cost

scholarly journals Etiquetas inteligentes na administração pública: análise da viabilidade no controle patrimonial da UNIVASF

ForScience ◽  
2019 ◽  
Vol 7 (2) ◽  
Author(s):  
Cátia Valéria Dos Santos Passos Brito ◽  
Welson Barbosa Dos Santos ◽  
Cristiane Xavier Galhardo ◽  
Vivianni Marques Leite dos Santos
Keyword(s):  
Radio Frequency ◽  
Public Administration ◽  
Radio Frequency Identification ◽  
Asset Management ◽  
Document Analysis ◽  
Identification System ◽  
Rfid Technology ◽  
The Public ◽  
Frequency Identification ◽  
The Cost

A realização de um inventário não é uma tarefa fácil, principalmente em universidades federais, que possuem muitos bens permanentes. A gestão patrimonial é realizada através de procedimentos de identificação, tombamento, localização, contagem, preservação e desfazimento de bens. Devido a grande quantidade de informações e necessidade de segurança, confiabilidade e celeridade nos processos, deve-se buscar alternativas para melhorar a gestão, reduzir índices de não conformidades e aprimorar o planejamento de compras. O sistema RFID (Radio-Frequency Identification), por exemplo, funciona por meio da comunicação via radiofrequência, com uso de um chip passivo inserido em etiqueta inteligente. Dessa forma, o objetivo deste artigo é analisar a viabilidade do uso da tecnologia RFID para o aperfeiçoamento da gestão patrimonial na Universidade Federal do Vale do São Francisco - Univasf por meio do levantamento de suas vantagens, desvantagens e custos para implantação. Para isto, são realizadas pesquisas em periódicos e bases de patentes, além da realização de entrevistas e análise documental. Entre os principais resultados, constata-se que o processo de gerenciamento de bens da Univasf é realizado de forma manual e desgastante para servidores membros de comissão, para a qual são convocados sem consulta prévia, verificando-se ainda que os prazos são, comumente, ultrapassados. Por outro lado, o custo para implantação do sistema RFID para controle do número atual de bens da Univasf corresponde a apenas 0,78% do valor alocado para as ações orçamentárias referentes às despesas correntes e investimentos, constituindo fatores favoráveis a sua aquisição pela Instituição.Palavras-chave: Radiofrequência. Gestão patrimonial. Universidades públicas. Internet das coisas. Smart tags in the public administration: feasibility analysis in thepatrimonial control of the UNIVASFAbstractThe construction of an inventory is not an easy task, especially at federal universities, which have many permanent assets. The patrimonial management is carried through procedures of identification, tipping, localization, counting, preservation and undoing of assets. Due to the large amount of information and the need for security, reliability and speed in the processes, alternatives should be sought to improve management, reduce nonconformity rates, and improve procurement planning. The RFID (Radio Frequency Identification) system, for example, works by means of radio frequency communication, using a passive chip inserted in a smart tag. Thus, the objective of this paper is to analyze the feasibility of using RFID technology to improve asset management at the Federal University of Vale do São Francisco -Univasf by surveying its advantages, disadvantages and costs for implementation. For this, research is carried out in journals and patent bases, as well as interviews and document analysis. Among the main results, it can be seen that Univasf's asset management process is carried out manually and exhausting for commission member servers, to which they are summoned without prior consultation, and it is also verified that the deadlines are commonly outdated. On the other hand, the cost of implementing the RFID system to control Univasf's current number of assets corresponds to only 0.78% of the amount allocated to budget actions related to current expenses and investments, constituting favorable factors for their acquisition by the Institution.Keywords: Radiofrequency. Patrimonial Management. Public universities. Internet of things. 

Integration of a Maintenance Management Model (MMM) Into an Asset Management Process

2022 ◽  
pp. 1-29
Author(s):  
Carlos A. Parra ◽  
Adolfo Crespo Márquez ◽  
Vicente González-Prida ◽  
Antonio Sola Rosique ◽  
Juan F. Gómez ◽  
...  
Keyword(s):  
Life Cycle ◽  
Continuous Improvement ◽  
Asset Management ◽  
Maintenance Management ◽  
Management Model ◽  
Management Process ◽  
Planning And Scheduling ◽  
The Cost ◽  
And Control ◽  
The Relationship

The chapter explains in detail the maintenance management model (MMM) taken as a reference for the development of the book. The chapter is based on the eight phases of the MMM. The first three blocks determine the effectiveness of the management; the following blocks assure the same efficiency and continuous improvement in the following way: Blocks 4 and 5 include actions for the planning and scheduling of maintenance, including, of course, the capacity of planning of department of maintenance. Blocks 6 and 7 are dedicated to the evaluation and control of the maintenance and the cost of assets throughout their life cycle. This chapter of introduction briefly summarizes the process and the reference frame necessary for the implementation of the MMM. This chapter also presents the relationship between the eight phases of the maintenance management model proposed and the general requirements of the asset management standard ISO 55000 to show how the gradual implementation of the MMM largely covers the requirements of the standard ISO 55000.

APPROACHES TO THE VALUATION AND REVALUATION OF FIXED ASSETS ACCORDING TO RUSSIAN AND INTERNATIONAL STANDARDS

2021 ◽  
Vol 27 (3) ◽  
pp. 87-98
Author(s):  
V. Gonin ◽  
◽  
E. Panchenko ◽  
E. Kibireva ◽  
O. Nomokonova ◽  
...  
Keyword(s):  
Asset Management ◽  
Point Of View ◽  
International Standards ◽  
Historical Background ◽  
Accounting System ◽  
Historical Aspect ◽  
Management Procedures ◽  
Fixed Assets ◽  
The Cost ◽  
The Impact

Questions of valuation and revaluation of fixed assets in a market environment inevitably arise. This is due to the increased role of assessing the effectiveness of asset management. The harmonization of national and international accounting standards allows us to consider the assessment and revaluation processes, both from the point of view of the accounting system and from the point of view of the financial consequences of the procedures performed. The purpose of the study is to study the historical background and systematize approaches to the assessment and revaluation of fixed assets according to Russian and international standards. To achieve this goal, the following tasks are set: to study the methods and historical aspect of revaluation; to study the conceptual framework of revaluation and impairment; to systematize the general provisions of the methodology for assessing the value of fixed assets during revaluation and impairment. The object of the study is fixed assets. In the course of the study, the history of revaluation of the cost of fixed assets is considered, the conceptual apparatus of the cost of fixed assets is analyzed in relation to the procedures for revaluation and impairment testing, the methodology of revaluation and impairment is considered. The paper concludes that it is necessary to introduce into the practice of accounting and management procedures for assessing the value of fixed assets and revaluing them, which will allow us to obtain reliable information when analyzing the impact of cost changes on the indicators used in determining the effectiveness of activities

scholarly journals Asset Management Fees and the Growth of Finance

2013 ◽  
Vol 27 (2) ◽  
pp. 97-108 ◽  
Author(s):  
Burton G Malkiel
Keyword(s):  
Asset Management ◽  
Financial Services ◽  
Low Cost ◽  
Active Management ◽  
Index Funds ◽  
Management Fees ◽  
Us Economy ◽  
The Difference ◽  
Investment Advice ◽  
Managed Funds

From 1980 to 2006, the financial services sector of the US economy grew from 4.9 percent to 8.3 percent of GDP. A substantial share of that increase was comprised of increases in the fees paid for asset management. This paper examines the significant increase in asset management fees charged to both individual and institutional investors. One could argue that the increase in fees charged by actively managed funds could prove to be socially useful if it reflected increasing returns for investors from active management or if it was necessary to improve the efficiency of the market for investors who availed themselves of low-cost passive (index) funds. But neither of these arguments can be supported by the data. Actively managed funds of publicly traded securities have consistently underperformed index funds, and the amount of the underperformance is well approximated by the difference in the fees charged by the two types of funds. Moreover, it appears that there was no change in the efficiency of the market from 1980 to 2011. Thus, the increase in fees is likely to represent a deadweight loss for investors. Indeed, perhaps the greatest inefficiency in the stock market is in “the market” for investment advice.

scholarly journals Asset management in public DB and non-DB Pension Plans

2015 ◽  
Vol 15 (4) ◽  
pp. 379-406 ◽  
Author(s):  
JAMES FARRELL ◽  
DANIEL SHOAG
Keyword(s):  
Asset Management ◽  
Nationwide Survey ◽  
Pension Plans ◽  
Individual Investors ◽  
Defined Benefit ◽  
Defined Contribution ◽  
Data Set ◽  
Management Fees ◽  
Asset Class ◽  
State And Local

AbstractState and local pension plans are increasingly moving from the traditional defined benefit (DB) model to non-DB models that generally allow for participant-directed investment. This shift has important implications for the management of the more than US$3 trillion in assets held to finance public employee retirement benefits. To investigate these implications, we introduce new data from a nationwide survey of public DB and non-DB plans and a unique data set on thousands of individual investors in the state of Florida's defined contribution (DC) plan. Using these sources, we explore how participant involvement in the public sector affects the distribution of asset class allocations, management fees, investment outcomes, and portfolio rebalancing at both the individual and aggregate levels. We found that there is little difference between the DB and non-DB plans in terms of asset mix, returns, and fees, except that DB plan have greater access and allocations to alternative investments. We also found that while the average individual DC plan participant allocated their asset similarly to the DB plan, black females and older white males, on average, invested on opposite tails of the risk spectrum.

scholarly journals The Growth of Finance

2013 ◽  
Vol 27 (2) ◽  
pp. 3-28 ◽  
Author(s):  
Robin Greenwood ◽  
David Scharfstein
Keyword(s):  
Asset Management ◽  
Financial Services ◽  
Financial Sector ◽  
Financial Services Industry ◽  
Shadow Banking ◽  
Preliminary Assessment ◽  
Management Fees ◽  
Active Asset Management ◽  
The Us ◽  
Household Credit

The US financial services industry grew from 4.9 percent of GDP in 1980 to 7.9 percent of GDP in 2007. A sizeable portion of the growth can be explained by rising asset management fees, which in turn were driven by increases in the valuation of tradable assets, particularly equity. Another important factor was growth in fees associated with an expansion in household credit, particularly fees associated with residential mortgages. This expansion was fueled by the development of nonbank credit intermediation (or “shadow banking”). We offer a preliminary assessment of whether the growth of active asset management, household credit, and shadow banking—the main areas of growth in the financial sector—has been socially beneficial.

scholarly journals Cheap Qurban Syariah Investment (CQSI) Program, Empowerment and Price Stabilization

2020 ◽  
Vol 18 (2) ◽  
pp. 103
Author(s):  
Ardi Novra ◽  
Adriani Adriani ◽  
Depison Depison ◽  
Ade Octavia
Keyword(s):  
Beef Cattle ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Profit Sharing ◽  
Market Demand ◽  
Benefit Analysis ◽  
Reduced Pressure ◽  
Feeder Cattle ◽  
Management Fees ◽  
The Cost

The research objective to develop a model of ummah fund utilization in the form of Cheap Qurban Syariah Investment (CQSI) with the synergy between the purpose of worship and the value of social benefits for the ummah empowerment. The study method used in the model design analyzes the beef cattle market's behavior, and a cost-benefit analysis of sharia investment in the pattern of profit sharing, the added value of beef cattle fattening efforts. Using the cost-benefit analysis of the profit-sharing partnership scheme, it was found that investment in cheap Qurban programs reduced the cost of Qurban borne by participants by 19.79% without lowering the Share of income received by beef cattle breeder partners and management fees for managing institutions. The more extended flexibility of procurement of feeder cattle when the conditions of low market demand and the reduced pressure on demand for ready-to-cut cattle at the time of Qurban worship will indirectly reduce the excessive fluctuations in commodity market prices. Based on the model developed, it can be concluded that cheap Qurban programs can encourage the utilization of the potential of ummah funds for farmers' economic empowerment, business opportunities for entrepreneurs, and Islamic institutions and indirectly help stabilize commodity prices for beef cattle without reducing the actual value of worship.

scholarly journals Corporate Governance in the Presence of Active and Passive Delegated Investment

2020 ◽  
Author(s):  
Adrian Aycan Corum ◽  
Andrey Malenko ◽  
Nadya Malenko
Keyword(s):  
Corporate Governance ◽  
Asset Management ◽  
Fund Managers ◽  
Management Fees ◽  
Portfolio Managers ◽  
Private Savings ◽  
Total Welfare

We examine the governance role of delegated portfolio managers. In our model, investors decide how to allocate their wealth between passive funds, active funds, and private savings, and asset management fees are endogenously determined. Funds' ownership stakes and asset management fees determine their incentives to engage in governance. Whether passive fund growth improves aggregate governance depends on whether it crowds out private savings or active funds. In the former case, it improves governance even if accompanied by lower passive fund fees, whereas in the latter case, it improves governance only if it does not increase fund investors' returns too much. Regulations that decrease funds' costs of engaging in governance may decrease total welfare. Moreover, even when such regulations are welfare improving and increase firm valuations, they can be opposed by both fund investors and fund managers.

Paying for Beta: Embedded Leverage and Asset Management Fees

2019 ◽  
Author(s):  
Steffen Hitzemann ◽  
Stanislav Sokolinski ◽  
Mingzhu Tai
Keyword(s):  
Asset Management ◽  
Management Fees
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