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The future of hedge funds
Scholes, Myron - In: Journal of Financial Transformation 10 (2004), pp. 8-11
This paper looks at the future of hedge funds, the challenges they face, and how they can remain successful going forward.
Persistent link: https://www.econbiz.de/10008517605
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Shadow accounting: The evolving practice of exercising due diligence in fund reporting
Kaufman, Carol - In: Journal of Financial Transformation 10 (2004), pp. 67-71
As alternative investment strategies gained increasing acceptance, the past couple of years turned into boom years for hedge funds and funds-of-hedge-funds, bringing increased visibility to the entire industry. But under that spotlight, when mis-steps involving back office operational risk and...
Persistent link: https://www.econbiz.de/10008517620
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Share repurchases and institutional supply
Jared DeLisle, R.; Morscheck, J.D.; Nofsinger, John R. - In: Journal of Corporate Finance 27 (2014) C, pp. 216-230
average, institutional shareholders are net sellers during share repurchases. After controlling for liquidity provision and … attributed to institutional investors executing liquidity provision strategies, 8% is explained by institutions reacting to the …
Persistent link: https://www.econbiz.de/10010906834
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Basel III: solving the liquidity business challenge
Fiedler, Robert; Mahlknecht, Michael - In: Journal of Financial Transformation 37 (2013), pp. 77-94
The new Basel III rules for liquidity and funding will have an impact on several areas of the banking business. As a …
Persistent link: https://www.econbiz.de/10010840615
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Liquidity Risk, Leverage and Long-Run IPO Returns
Eckbo, B Espen; Norli, Øyvind - C.E.P.R. Discussion Papers - 2005
constructed ‘low minus high’ (LMH) stock turnover portfolio as a liquidity risk factor. The LMH factor produces significant betas …
Persistent link: https://www.econbiz.de/10005124287
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Collateral Optimization : Liquidity & Funding Value Adjustments, - Best Practices -
Genest, Benoit; Rego, David; Freon, Helene - Volkswirtschaftliche Fakultät, … - 2013
). • Considering Management of Liquidity Issues, banks should carefully consider Collateral Management in case of liquidity issues (e …
Persistent link: https://www.econbiz.de/10011201776
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The future of hedge funds
Scholes, Myron - In: Journal of Financial Transformation 10 (2004), pp. 8-11
This paper looks at the future of hedge funds, the challenges they face, and how they can remain successful going forward.
Persistent link: https://www.econbiz.de/10008517607
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Introduction of the Budapest Liquidity Measure
Kutas, Gábor; Végh, Richárd - In: Közgazdasági Szemle (Economic Review - monthly of the … LII (2005) 7, pp. 686-711
, and liquidity. All trading platforms wish to accommodate the needs of market players, for ultimate efficiency and … markets. To serve this goal, the authors have created the Budapest Liquidity Measure (BLM), an indicator to show the main … parameter of market efficiency: liquidity. The liquidity of a market determines the implicit cost of transactions; higher …
Persistent link: https://www.econbiz.de/10010963672
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Are investor sentiments priced by the CAPM?
Verma, Rahul; Soydemir, Gökçe - In: Journal of Financial Transformation 35 (2012), pp. 57-70
In this paper, we investigate whether the international version of CAPM can price rational and irrational sentiments of U.S. individual and institutional investor sentiments. The results show that the CAPM prices rational sentiments driven by fundamentals and irrational sentiments not driven by...
Persistent link: https://www.econbiz.de/10010991643
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A risk-based risk finance paradigm
Gao, Siwei; Powers, Michael R.; Chapman, Zaneta A. - In: Journal of Financial Transformation 35 (2012), pp. 173-178
We propose an alternative to the conventional risk finance paradigm of enterprise risk management that accounts for not only a loss portfolio’s expected frequency and expected severity, but also its “risk” as captured by an appropriate measure of dispersion/spread. This new paradigm is...
Persistent link: https://www.econbiz.de/10010991646