policymakersconcerned with systemic risk. We put forward no specific newpolicy proposals, however, because we believe CCRM remainsthe … and highlighting the specific linkages from hedgefunds to systemic risk, we hope to highlight areas for furtherresearch on …

This paper empirically investigates the risk and performance of three types of alternative betaproducts over the … noninvestablehedge fund indices. Our results further suggest that, in a best case scenario, IHFIsoutperform FHFs and HFRS on a risk …

The vast majority of approaches to risk management, hedging, or portfolio planningassume that some model is given …. However, under model risk, the true data gener-ating process is not known. The focus of this paper is on problems related to … arguments by simple and straightforwardexamples.Model risk can be dealt with in several ways, e.g. by not taking model risk …

Survey studies on corporate risk management show that firms follow very diverse riskmanagement strategies. The observed … present paper wants tolink the discussion on risk management theories more closely to the observed firm behaviour.The paper is … based on a survey study on the risk management of German non-financial firms.Like previous studies, we find that a majority …

This paper publishes results on the convergence for hedging strategies in the setting of incomplete financial markets. …

This paper presents results on the convergence for hedging strategies in the setting of incomplete financial markets …. We examine the convergence of the so-called locally risk-minimizing strategy.(...) …

In this paper the performance of locally risk-minimizing hedge strategies for European options in stochastic volatility … simulation results on model risk show that the locally risk-minimizing hedges are robust with respect to uncertainty and even … misconceptions about the underlying data generating process. The empirical study indicates that locally risk-minimizing hedge …

currencies. Traditional risk management is nominally orientedand typically neglects this differentiated consumption preferences … of investors. We outline therelevance of a consumption oriented “real” risk management and sketch resulting …

diversification or the application of currency hedging instruments. This analysis is based on a unique dataset of 339 publicly listed … hedging instruments.In a second step, we go beyond existing research and distinguish between two separate dimensions of family … costs and thus leads to lower levels of business segment diversification and less currency hedging. In contrast family …