We investigate the appropriate number of hedge funds to be held in a fund-of -funds portfolio with the purpose of meeting a typical benchmark mandated by institutional investors. The technique of random sampling from a universe of managers in the Credit Suisse/Tremont index is used to generate...

Traffic responsive control strategies are increasingly being implemented to improve intersection performance. Critical intersection control (CIC) is using real-time traffic data to better assign green times to conflicting movements. However, the benefits of CIC have not been assessed, and...

In this paper, we compare two approaches that many institutions consider when investing in hedge funds: multi-strategy hedge funds and funds of hedge funds. Because it is difficult to directly compare performance for these two strategies at the index level due to data limitations, we use the...