Changes in the transaction size were driven by FX, normal portfolio
movement, and other adjustments during the sign to close period.
Drivers for oil and gas M&A deals in 2010 include, (1) North American companies focusing on resource plays and divesting conventional and/or cash flowing assets, (2) capital needs for world class development projects, and (3) normal portfolio
balancing and risk management.
As the benefits of sales and marketing services are realised SMAs are busy adding additional services to their normal portfolio
A third benchmarking technique is known as normal portfolio
, or portfolio opportunity, distribution.
The building block is the normal portfolio
based on the investment manager's style.
In addition, the yields available on certain securities purchased in the course of normal portfolio
management activity have been lower than those on securities tendered, called, matured or sold, which also contributed to the overall reduction in the level of income generated by the Fund.
The EBRD continues to be strongly committed to Lenta and is comfortable with its remaining stake in the company following today s partial sale, which was part of a normal portfolio
26, 2007, Tortoise Energy Infrastructure redeemed its Series E Auction Rate Notes totaling $70 million funded with proceeds from its bank revolver and normal portfolio
Management fees in the six-month period in 2004 were $8,220 lower versus 2003 as a result of normal portfolio
depreciation which was only partially offset by the effect of the aircraft purchased in April 2004.
Management fees were $24,280 lower in 2004 versus 2003 as a result of normal portfolio
In the course of normal portfolio
management activity, the yields available on newly purchased securities have been lower than those of securities sold.
The effect of aircraft purchases in 2002 on management fees was offset by normal portfolio
depreciation, resulting in no difference between management fees for the three-month period of 2003 versus 2002.