What Is a Mutual Fund Subadvisor? A mutual fund subadvisor is a third-party money manager that is hired by a mutual fund company to manage an investment portfolio. Subadvisors are typically sought out by management investment companies because of their expertise in managing a specific strategy. Key Takeaways A mutual fund subadvisor is contracted out
What Is the Miami Stock Exchange (MS4X)? The Miami Stock Exchange (MS4X) is a regional exchange that offers stock, currency, and futures trading from its location of Miami, Florida. The MS4X is a hub of trading services for the G27, which refers to the 27 Latin American and Caribbean Exchanges. The Miami Stock Exchange offers a
What Is the Mumbai Interbank Bid Rate (MIBID)? The term Mumbai Interbank bid rate (MIBID) refers to a synthetic benchmark interest rate used by banks in the Indian interbank market. This is the rate that a bank uses when it wants to borrow funds from another participating institution. The rate is used to set other
What Is the Mumbai Interbank Offered Rate (MIBOR)? The Mumbai Interbank Offer Rate (MIBOR) is one iteration of India’s interbank rate, which is the rate of interest charged by a bank on a short-term loan to another bank. As India’s financial markets have continued to develop, India felt it needed a reference rate for its debt market, which
What Is a Market Identifier Code (MIC)? A market identifier code (MIC) is a four-character code used to identify stock markets and other trading exchanges within global trading and referencing computer systems. The first letter of any MIC is randomly allocated followed by a three-digit alphanumeric code for the market in which a trade takes
Who Is Michael Bloomberg? Michael Bloomberg is a billionaire businessman, publisher, philanthropist, and a former three-term mayor of New York City. The founder and owner of Bloomberg LP, he is one of the wealthiest people in the world, with an estimated net worth of $82 billion as of June 23, 2022, according to Forbes. On Nov. 24, 2019
Michael Eisner is known as a prominent entertainment executive. With notable positions at ABC, Paramount, and The Walt Disney Company, Eisner’s career in television and film spanned four decades, from 1966 to 2005. Eisner owns The Tornante Company, a private investment firm that acquires and operates companies in media and entertainment. He is the author
Michael L. Eskew was former CEO of United Parcel Service, Inc. (UPS) from 2002 to 2007. From 1998 to 2014, he served on the company’s Board of Directors. One of the key initiatives that Eskew implemented was the expansion of UPS’s international operations, where he helped to expand UPS’s global reach and strengthen its position as
Michael Milken is a philanthropist and chair of the Milken Institute. He was an executive at the investment bank Drexel Burnham Lambert and is known for his use of high-yield junk bonds for corporate financing and mergers and acquisitions. In 1989, Michael Milken was indicted by a federal grand jury and spent nearly two years
What Are the Michigan Leadership Studies? The Michigan Leadership Studies was a well-known series of leadership studies that commenced at the University of Michigan in the 1950s, intending to identify the principles and types of leadership styles that led to greater productivity and enhanced job satisfaction among workers. The studies identified two broad leadership styles: an
