Peter Lindsay Weir, AM is an Australian film director. He was a leading figure in the Australian New Wave cinema movement, with films such as the mystery drama Picnic at Hanging Rock, the supernatural thriller The Last Wave and the historical drama Gallipoli; the climax of Weir's early career was the $6 million multi-national production The Year of Living Dangerously. After the success of The Year of Living Dangerously, Weir directed a diverse group of American and international films covering most genres—many of them major box office hits—including Academy Award-nominated films such as the thriller Witness, the drama Dead Poets Society, the romantic comedy Green Card, the social science fiction comedy-drama The Truman Show and the financially-disappointing epic historical drama Master and Commander: The Far Side of the World. For his work on these five films, Weir accrued six Academy Award nominations as either a director, writer or producer. Since 2003, Weir's productivity has declined, having directed only one subsequent feature, the critically acclaimed box-office flop The Way Back.
Weir was born in the son of Peggy and Lindsay Weir, a real estate agent. Weir attended The Scots College and Vaucluse Boys' High School before studying arts and law at the University of Sydney, his interest in film was sparked by his meeting with fellow students, including Phillip Noyce and the future members of the Sydney filmmaking collective Ubu Films. After leaving university in the mid-1960s he joined Sydney television station ATN-7, where he worked as a production assistant on the groundbreaking satirical comedy program The Mavis Bramston Show. During this period, using station facilities, he made his first two experimental short films, Count Vim's Last Exercise and The Life and Flight of Reverend Buckshotte. Weir took up a position with the Commonwealth Film Unit, for which he made several documentaries, including a short documentary about an underprivileged outer Sydney suburb, Whatever Happened to Green Valley, in which residents were invited to make their own film segments. Another notable film in this period was the short rock music performance film Three Directions In Australian Pop Music, which featured in-concert colour footage of three of the most significant Melbourne rock acts of the period, The Captain Matchbox Whoopee Band and Wendy Saddington.
He directed one section of the three-part, three-director feature film Three To Go, which won an AFI award. After leaving the CFU, Weir made his first major independent film, the short feature Homesdale, an offbeat black comedy which co-starred rising young actress Kate Fitzpatrick and musician and comedian Grahame Bond, who came to fame in 1972 as the star of The Aunty Jack Show. Homesdale and Weir's two aforementioned CFU shorts have been released on DVD. Weir's first full-length feature film was the underground cult classic, The Cars That Ate Paris, a low-budget black comedy about the inhabitants of a small country town who deliberately cause fatal car crashes and live off the proceeds, it was a minor success in cinemas but proved popular on the then-thriving drive-in circuit. The plot of "Cars" had been inspired by a press report Weir had read about two young English women who had vanished while on a driving holiday in France, this film, along with the earlier Homesdale, set the basic thematic pattern which has persisted throughout Weir's subsequent career – all of his feature films deal with people who face some form of crisis after finding themselves isolated from society in some way – either physically, socially/culturally or psychologically.
Weir's major breakthrough in Australia and internationally was the lush, atmospheric period mystery Picnic at Hanging Rock, made with substantial backing from the state-funded South Australian Film Corporation and filmed on location in South Australia and rural Victoria. Based on the novel by Joan Lindsay, the film relates the purportedly "true" story of a group of students from an exclusive girls' school who mysteriously vanish from a school picnic on Valentine's Day 1900. Credited as a key work in the "Australian film renaissance" of the mid-1970s, Picnic was the first Australian film of its era to gain both critical praise and be given substantial international theatrical releases, it helped launch the career of internationally renowned Australian cinematographer Russell Boyd. It was acclaimed by critics, many of whom praised it as a welcome antidote to the so-called "ocker film" genre, typified by The Adventures of Barry McKenzie and Alvin Purple. Weir's next film, The Last Wave was a supernatural thriller about a man who begins to experience terrifying visions of an impending natural disaster.
It starred the American actor Richard Chamberlain, well-known to Australian and world audiences as the eponymous physician in the popular Dr. Kildare TV series, would star in the Australian-set major series The Thorn Birds; the Last Wave was a pensive, ambivalent work that expanded on themes from Picnic, exploring the interactions between the native Aboriginal and European cultures. It co-starred the Aboriginal actor David Gulpilil, whose performance won the Golden Ibex at the Tehran International Festival in 1977, but it was only a moderate commercial success at the time. Between The Last Wave and his next feature, Weir wrote and directed the offbeat low-budget
In alternative investments, operational due diligence, is an investigation into operational factors of alternative investment entities such as a hedge fund, private equity fund, or infrastructure fund. ODD has gained prominence over the past years due to the failure of hedge funds such as Amaranth Advisors and the Bayou Hedge Fund Group. Contributing to the increase of interest in this field were the actions of alleged rogue traders such as Brian Hunter and alleged Ponzi schemers such as Arthur Nadel, Jérôme Kerviel and Bernard Madoff. Operational risks are the risks arising from execution of the business functions of any entity, for example an alternative investment fund, these are distinct from its investment functions. An ODD exercise does not include within its scope the investment functions of an alternative investment fund and therefore does not include the gathering and verification of information relating to the historic actual or future expected investment performance of such funds, the variance or future expected variance of the returns of such funds, or the appropriateness of the stated strategy of such funds as a constituent part of the investor's wider portfolio, except insofar as these investment functions are or could themselves be adversely influenced by operational risks.
However, a separate “Investment Due Diligence” exercise is carried out by or on behalf of investors to consider investment functions. In fact it can be said that it has been more common for an IDD to be performed than for an ODD to be performed, despite strong academic arguments and empirical evidence that overall risk is best capable of being understood and mitigated where both an IDD and an ODD are performed; the historical position is somewhat odd given the prevalence of operational risk failures in, for example, hedge fund scandals and closures over the years. As early as 2003, a study by Christopher Kundro and Stuart Feffer of Capco indicated that operational risk failings were the sole reason for 50% of all hedge fund failures, rather than bad investment decisions alone, anecdotal evidence seems to imply that the impact of operational risk is at least as pervasive in other types of alternative investment funds, that the impact of operational risk failings has not decreased since the Capco study.
A 2008 book by Jason Scharfman of Corgentum Consulting suggests that operational risks are inherent contributing factors to all hedge fund failures. For example, a May 2009 derivative lawsuit relating to a feeder fund invested in a managed account, exposed to Madoff's split strike conversion strategy noted that “the Madoff story bristled with red flags that a financial professional firm performing an evaluation and subsequent management and oversight, in good faith, could not have missed.” The clear implication of this statement is that in the absence of detailed and robust pre-investment and on-going ODD, investors missed the operational risks inherent in the structure. The purpose of an ODD exercise is to gather and verify information relating to operational risks to: allow an investor in a specific alternative investment fund to form a considered view as to whether to remain invested or to divest, or allow a potential investor in a specific alternative investment fund to form a considered view as to whether to invest or not, identify conditions which the investor or potential investor may seek to negotiate to reduce the overall level of operational risk associated with a new or existing investment in such specific alternative investment fund.
A small sample of the items which may be included within the scope of an ODD is outlined below: mark to market valuation techniques, related processes/controls and disclosures business continuity and disaster recovery planning fraud risk and other irregularities behavioral analysis of individuals and outsourced service providers, including their incentivisation liquidity mechanisms security of assets legal review, covering design and establishment of the legal structure, advice taken by the alternative investment fund and its manager, material contracts, investment terms and insurances review of the controls and processes employed by the fund through its main outsourced service providers over the management of fund assets to establish whether these are fit for purpose and being followed review of the operating processes and record-keeping supporting tax relating to maintaining beneficial tax treatment or "keeping the fund offshore". Much of the literature associated with ODD the academic literature, is based on an underlying definition of operational risk, designed in the context of the banking industry and contained within the Basel Accords, which holds that operational risk is the risk of loss resulting from inadequate or failed internal processes and systems, or from external events.
The banking industry is, in most economies, subject to regulation by a national financial services supervisory body, for example the Financial Services Authority in the UK, with the regulatory regime including a requirement for banks to hold at least minimum levels of capital designed to withstand the incidence of various risks, including operational risks. The capital held by banks for the purpose of meeting the require
Dorados de Sinaloa, or Dorados, is a Mexican professional football club based in Culiacán. The club plays its home games in Mexico. Dorados was the youngest franchise to play in the Primera División de México, having joined the division for the first time for the Apertura 2004 tournament, when the club was only one year old. Dorados plays in Ascenso MX, the second tier of the Mexican league; the goalkeeper's primary colours are a red shirt and white shorts, the secondary attire is all white. Dorados was founded on 9 August 2003, when Eustaquio de Nicolas and Valente Aguirre announced the creation of the Dorados. On 20 December 2003, Dorados won their first title in the Apertura 2003 tournament of Primera División A. Guadalupe Castaneda scored the goal beating Cobras de Ciudad Juárez, they finished as runners up in the Apertura 2004 but they won the play-off promotion beating Club León with a goal from Roberto Dominguez and winning the promotion to Liga MX just one year after the club was founded.
The club was relegated in the Apertura 2006 tournament after playing just two years in the top tier. On 27 July 2015, Dorados played their first game in the First Division after 8 seasons in the Second Division; the game was celebrated in the Banorte Stadium with a 0-0 final score. Their first 3 points came on the second game of the season on July 31, against Xoloitzcuintles de Tijuana in the Caliente Stadium. Dayro Moreno scored for the North Californian team, but Mauricio Martín Romero scored the first goal of Dorados in the 2015–16 Liga MX season. At minute 71' the Chilean Héctor Raúl Mancilla scored the away team, making it 1-2 and winning their first game in the first division in 9 years; the last game the team won in the first division was on 22 April 2006, when Dorados beat Jaguares de Chiapas 4-2, with goals from Andrés Orozco, Cristian Patiño, Pep Guardiola. On 16 April 2016, after losing 5–2 to Tigres UANL, Dorados was relegated after just one season in Liga MX, finishing last in the relegation table of 2015–16 Liga MX season.
This was the second time the club was relegated to Ascenso MX. When Dorados de Culiacán's arrived at Primera División A in 2003, a rivalry was born; when the franchise was first created, in the year 2003, Dorados became champions on their first tournament, becoming the first team to accomplish this feat in the Primera A. In their second tournament, Dorados made it to the final once again, facing Club León although they lost. Despite losing this final, Dorados and León played the promotion game to Primera División de México where Dorados were victorious. Dorados and León have played a total of four finals, with each team winning two of the finals. Ascenso MX: 4Apertura 2003, Clausura 2007, Clausura 2015, Apertura 2016 Campeón de Ascenso: 22004, 2015 Copa MX: 1Apertura 2012International Copa Ricardo:Second Place As of 21 January 2020Note: Flags indicate national team as defined under FIFA eligibility rules. Players may hold more than one non-FIFA nationality. Note: Flags indicate national team as defined under FIFA eligibility rules.
Players may hold more than one non-FIFA nationality. Dorados de Sinaloa Premier Reserve team that plays in the Liga Premier in the fourth level of the Mexican league system. Dorados de Sinaloa Reserve team that plays in the Liga TDP, the fifth level of the Mexican league system. Official website