The research aims to overview the difference between sharia mutual fund performance and conventional mutual fund performance. This research takes place in Bapepam-LK which is in its official site www.bapepam.go.id.The populations in this research are all of mutual funds that managed by...

This paper aims to evaluate the performance of A-type Turkish funds between January 2009 and November 2014. This study period coincides with the period of quantitative easing during which developing economies in financial markets have been influenced dramatically. Thanks to the increase in the...

Mass media consumption has increasingly been found to adversely impact upon psychological states but research has largely neglected the potential influence of media onaspirations. An experiment demonstrates aspirational incomes to be dramatically altered by a textual narrative despite it not...

[This item is a preserved copy. To view the original, visit http://econtheory.org/] This paper considers an auction design framework in which bidders get partial feedback about the distribution of bids submitted in earlier auctions: either bidders are asymmetric but past bids are disclosed in an...

This research report investigated the effectiveness of cross-hedging polymers with brent futures contracts for manufacturers of plastic commodity products. The purpose was to find out whether volatile polymer raw material prices could, through this method, be stabilised to create predictable...

This paper analyzes convertible arbitrage, one of the most successful hedge fund strategies. The aim of the strategy is to exploit underpricing of convertible bonds by taking a long position in a convertible and a short position in the underlying asset. The authors find that convertible bonds...

The creation of a market in bankruptcy claims is the single most important development in the bankruptcy world since the Bankruptcy Code’s enactment in 1978. Claims trading has revolutionized bankruptcy by making it a much more market-driven process. The limited scholarly literature on claims...

Essay OneUnder the principal-agent framework, we study and compare different compensation schemes commonly adopted by hedge fund and mutual fund managers. We find that the option-like performance fee structure prevalent among hedge funds is suboptimal to the symmetric performance fee structure....

Hedge funds feature special compensation structure compared to traditional investments. Previous studies mainly focus on the provisions and incentive structure of hedge fund contract, such as 2/20, hurdle rates, and high-water mark. The first essay develops an algorithm to empirically estimate...