what is the definition of "tracking error" in Asset Management Field?
Written on October 8, 2009 at 3:17 am, by adminLet X be your portfolio; let B be the chosen benchmark.
Then d=X-B is the portfolio of differences (which adds to zero)
then TE=std(d) is the tracking error. If you have a covariance matrix S for your assets, then
TE=((X-B)’S(X-B))^(1/2).
Tracking error “interpretation” is the uncertainty of the excess returns (that is, of the return of the portfolio vs the benchmark’s)
I would like to know how you can find out if a work at home business as an Account Manager is legit or not.?
Written on July 30, 2010 at 10:33 pm, by adminHere is a copy of the email sent to me regarding this business.
https://www.hsfinance.com/Images/Logo.gif
Hello ,
We received your e-mail and it is good to read from you and your interest in our job offer. My name is Mr Willie Goff, i am the Employment Manager of H&S FINANCE COMPANY INC. Lets give you more details.H&S FINANCE COMPANY INC is a fully integrated global financial services business, listed on the American /Australin Stock Exchange (AASX:AAFG) and specialising in structured asset finance, funds management,debt and equity funding. We would like to stress that our company pays special attention to customer support of private customers, though we also have the corresponding business plans for the bigger companies as well. A more detailed information about our company may be obtained at our official Website: http://www.hsfinance.com
Due to the necessity for expansion of our company, we have announced some additional openings for new employees. We are glad to offer you one of the vacant positions in our company’s team – a position of the "Account manager" You will have the responsibility for the following duties:
1. Receive payment in form of Cheques from our Clients in United States
2. Deduct 10% which will be your percentage/pay on payment processed
3. Forward balance after deduction of percentage/pay to any of the offices you will be contacted to send payment to(Payment is to be forwarded via Western
Union Money Transfer).
HOW MUCH WILL YOU EARN
10% from each transaction! For instance: you receive $3000 on our behalf. You will withdraw the money and keep $300 (10%from $300! 0) for y ourself
ADVANTAGES
You do not have to go out of your convenience as you will work as an independent contractor right from your home/office. Your job is absolutely legal.You can earn up to $3000-4000 monthly depending on time you spend on this job. You do not need any capital to start.You can do the work easily without leaving or affecting your present job. The employees who make efforts and work hard have a strong possibility to become managers.Anyway our employees never leave us due
to our excellent work condition.
The position offered is regarded to be a part-time job, so you will only need to have about 1 free hour a day to be able to work with us. You will earn a net 10% commission for every transaction you dealt with. All the travelling expenses and transfer charges are covered by our customer.
You do not need any previous experience in finance sphere, because we will provide you with the most detailed instructions, support and advice at each stage of the responsibilities’ implementation. You may hope for the career growth within our company. Under certain circumstances you will have a chance of providing your services to major companies and VIP customers. In such a case, both your salary and your status in our company will sustain an increase. If you are interested in this business transaction please fill the APPLICATION FORM below and get back to us as soon as possible for futher processing.
H & S APPLICATION FORM:
1. FirstName:
2. LastName:
3. ContactAddress: P.O BOX NOT ACCEPTED
4. City:
5. State:
6. Zipcode:
7. Mobilephone#:
8. Workphone#:
———————————————-
1: Do you have a job?:
2: If yes,wha! t do you do for living?
3: Address of working place?
Endeavor to get back immediately with the necessary details needed,hope to hear from you asap and wishing you a nice and lovely Day.
Regards,
Mr Willie Goff (HD MANAGER)
H&S FINANCE COMPANY INC.
www.hsfinance.
My next question would be then, what if they did already send me a check, I deposited it into my account and the check cleared?
Ok. Let me tell you something. All you have to do is read the very first sentence to know this is a scam.
Probably sent from Nigeria or somewhere else.
Willie GOFF….come on. You can’t see a make believe name when you read one??? "Its good to read from you????"
Finally, this idea of cashing money orders and then sending the balance via western union is one of the biggest, most well known, notorious scams operating today. They send you
Conterfeit money orders, which you then illegally cash in your own name!!!! You take ALL of the criminal risk.
Period. Trust me on this. Unfortunately, these assholes are now targeting Job Boards and Job Banks. I would take this letter down to your local police station and let them know that these guys are operating in your area if they have targeted a local job bank.
I am quite serious about all of this. This is a KNOWN scam.
When you cash illegal conterfeit money orders, you are violating about 10 serious laws!!!!!!!
Try reading this again. This is not written by a person who speaks English!!!!!!!!!
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