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This question was closed without grading. Reason: Other
May 28, 2014 20:50
10 yrs ago
English term

SOP

English Bus/Financial Finance (general)
Please note that since we do not manage real property or alternatives, we have assumed that the 11% allocation to real property and infrastructure in the benchmark is mapped 50% UK Equity/50% UK Corporate Bonds, the 2.5% in global private equity is mapped to Global Equity x1.5 and the 1% SOP allocation is mapped to UK Equities.

Clueless (again!) as to what SOP could mean in this context.

Any help is greatly appreciated!
Responses
4 +1 Special Opportunities Portfolio
4 stock option plan
4 Statement of Position
3 +1 Sal. Oppenheim jr. & Cie. S.C.A
References
Findings only.

Discussion

Laura Vinti (asker) Jun 6, 2014:
In the end I just left it as it was.
Charles Davis May 29, 2014:
Agree with Donal You'll have to leave it as SOP (I presume it's going into Italian). Maybe you could add a note suggesting a possible meaning. I've agreed with Donal and Polangmar because I think it's certain from the context that it refers to an investment, a fund, though we can't be sure which one.
DLyons May 29, 2014:
It should be just left as an acronym. Especially because it's not entirely clear what it refers to.
Virginia Koolhaas May 28, 2014:
@Laura If you have the chance, the best option is to confirm with/ask your client. There could be many finance-related acronyms that fit in there.
Helena Chavarria May 28, 2014:
Standard Operating Procedures?

Responses

12 mins

stock option plan

I think it refers to employee's stock option plan

http://www.investorwords.com/4745/stock_option_plan.html
stock option plan
A program within a company whereby employees are allowed to buy a specific number of stock options in the company for a specified amount of time. The options usually have an exercise price equal to the market price at the time the options were given.


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Note added at 19 mins (2014-05-28 21:09:06 GMT)
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http://www.globalequity.org/membersonly/ForumPresentations/P...

http://www.proz.com/kudoz/english_to_russian/business_commer...
Peer comment(s):
neutral Polangmar : There seems to be no connection with the original text: http://tinyurl.com/my92jl8
26 mins
neutral DLyons : See previous question.
1 hr
Something went wrong...
+1
29 mins

Special Opportunities Portfolio

The target allocation to the ‘Special Opportunities Portfolio’ (SOP) is 5% of Main Fund value. Current realistic benchmark allocations for private equity, infrastructure and SOP are 2.5%, 1% and 1% respectively. (...) As can be seen, during the year there has been a substantial switch out of UK Equities, Cash, UK & Overseas Index Linked, and UK Corporate Bonds with a move into Overseas Equities, and Overseas Fixed Interest.
http://tinyurl.com/ox4cxaw

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Note added at 36 mins (2014-05-28 21:26:10 GMT)
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There is a similar term - "Total Opportunities Portfolio" - in the original text (containing the context provided):

Emerging Markets Total Opportunities Portfolio
http://tinyurl.com/my92jl8
Peer comment(s):
neutral DLyons : See "mapped to" question.
1 hr
agree Charles Davis : Can't be sure, but this is quite likely since it must refer to a fund. Special Opportunities Portfolios are generic (not just pension funds); see e.g. http://www.investcorp.com/ourbusiness/hedgefunds.aspx
3 hrs
Something went wrong...
1 hr

Statement of Position

http://books.google.ie/books?id=LLom8xwgYU8C&pg=PA294&lpg=PA...

http://www.cftc.gov/tm/tm94-03.htm

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Note added at 2 hrs (2014-05-28 23:05:19 GMT)
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http://www.elfaonline.org/cvweb_elfa/product_downloads/mayfw...

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Note added at 2 hrs (2014-05-28 23:07:29 GMT)
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http://en.wikipedia.org/wiki/AICPA_Statements_of_Position
Peer comment(s):
neutral DLyons : See "mapped to" question.
8 mins
neutral BrigitteHilgner : Most unlikely in this context.
8 hrs
Something went wrong...
+1
1 hr

Sal. Oppenheim jr. & Cie. S.C.A

See "mapped to" question.

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Note added at 7 hrs (2014-05-29 04:41:54 GMT)
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The asker's source is online. They are making a sales pitch for investing in high-risk emerging markets and SOP is one of the standard ones - Google "SOP EXTRABONDEUROHEDGED" for example. Polangmar is on the right track, but I can't imagine that Greater Manchester Pension Fund is open to investment from speculative third parties. The fund referred to must be a publicly traded one.
Peer comment(s):
agree Charles Davis : The link to SOP is not clear. // OK, yes, there are Oppenheim funds called SOP, so could be, but I still think a "Special Opportunities Portfolio" is more likely (they're quite widespread, not just pension funds). But it could be right, so I'll change.
2 hrs
Thanks Charles. See SOP EXTRABONDEUROHEDGED for example.// I agree "Special Opportunities Portfolio" is tempting, but I couldn't find any that matched the bill - high-risk, high-return, open to outsiders, (probably emerging markets).
neutral Virginia Koolhaas : Why the acronym then? Not too common/widely extended to put it as an acrnonym. It' not S&P.
9 hrs
In the context, it has to be some specific, well-known, high-risk, high-return investment vehicle. It's in a title, so they want it short.
neutral Yvonne Gallagher : so, what does the acronym mean then?//more than a bit tenuous, no?
10 hrs
S(al)OP(penheim). "stock option plan" would work in many contexts, but not here. And, definitely not "Statement of Position" - sorry :-)
neutral Polangmar : Sal. Oppenheim jr. & Cie. AG & Co. KGaA is a European private bank: https://en.wikipedia.org/wiki/Sal._Oppenheim - the original text deals generally with investment and doesn't discuss private banks.
18 hrs
Some one of their SOP funds. It's unclear which.
Something went wrong...

Reference comments

25 mins
Reference:

Findings only.

A number of options, but I am not certain which:


SOPs (Share Option Plans)
PLC - Employee Share Plans: Hong Kong
uk.practicallaw.com/uk/6-503-1183
There is no statutory prescribed form of share option plan (SOP). ... SOPs are generally more popular than share purchase plans or phantom plans, particularly ...... Advised numerous US, UK and Hong Kong listed companies on the tax issues ...

SOPs (Stock Option Plans)https://www.lawincontext.com/Gateway/uploads/Newsletters/Glo...

SOPS (Stock Ownership Policies)
Something went wrong...
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