Classical asset allocation methods have assumed that the distribution of asset returns is smooth, well behaved with stable statistical moments over time. The distribution is assumed to have constant moments with e.g., Gaussian distribution that can be conveniently parameterised by the first two...

How to escape the corporate lizard brain : the true role of AI -- Purpose of AI : naming and shaming the corporate lizard brain : one meeting at a time -- Case study : US vs. PRC in the banking lizard brain shift to ai fintech machines -- Banking and insurance transformation in the US, China,...

We analyse a sample of funds and other securities each assigned a total rating score by an unknown expert entity. The scores are based on a number of risk and complexity factors, each assigned a category (factor score) of Low, Medium, or High by the expert entity. A principal component analysis...