Art Institute of Chicago

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The Art Institute of Chicago, founded in 1879 and located in Chicago‘s Grant Park, is one of the oldest and largest art museums in the United States. Recognized for its curatorial efforts and popularity among visitors, the museum hosts approximately 1.5 million guests annually. Its collection, stewarded by 11 curatorial departments, is encyclopedic, and includes iconic works such as Georges Seurat‘s A Sunday on La Grande Jatte, Pablo Picasso‘s The… Read More

History of Chicago

The history of Chicago, Illinois, has played a central role in American economic, cultural and political history and since the 1850s the city has been one of the most dominant Midwest metropolises. The area’s recorded history begins with the arrival of French explorers, missionaries and fur traders in the late 17th century and their interaction with the local Pottawatomie Native Americans. There were small settlements and a U.S.… Read More

Option (finance)

alphaz options strategy
In finance, an option is a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price prior to or on a specified date, depending on the form of the option. The strike price may be set by reference to the spot price(market price) of the underlying security or commodity on… Read More

Dodd–Frank Wall Street Reform and Consumer Protection Act

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The Dodd–Frank Wall Street Reform and Consumer Protection Act (commonly referred to as Dodd–Frank) is a United States federal law that was enacted on July 21, 2010. The law overhauled financial regulation in the aftermath of the financial crisis of 2007–2008, and it made changes affecting all federal financial regulatory agencies and almost every part of the nation’s financial services industry. Responding to widespread calls for changes to the… Read More

Regulation

Regulation is an abstract concept of management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: in biology, gene regulation and metabolic regulation allow living organisms to adapt to their environment and maintain homeostasis; in government, typically regulation means stipulations of the delegated legislation which is… Read More

Pension fund

A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about $6 trillion in assets. In January… Read More

401(k) plan

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In the United States, a 401(k) plan is the tax-qualified, defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code. Under the plan, retirement savings contributions are provided (and sometimes proportionately matched) by an employer, deducted from the employee’s paycheck before taxation (therefore tax-deferred until withdrawn after retirement or as otherwise permitted by applicable law), and limited to a maximum pre-tax annual contribution of $19,000 (as of… Read More

Fund of funds

A “fund of funds” (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be “fettered”, meaning that it invests only in funds managed by the same investment company, or “unfettered”, meaning that it can invest in external funds run… Read More

Hedge fund

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A hedge fund is an investment fund that pools capital from accredited investors or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk management techniques. It is administered by a professional investment management firm, and often structured as a limited partnership, limited liability company, or similar vehicle. Hedge funds are generally distinct from mutual funds, as their use of leverage is not capped by regulators, and distinct from private equity funds, as the majority of hedge funds… Read More