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Bringing Investor Confidence Back to Alternative Investments : How Enterprise Risk Management is the Answer
Olszewski, Jan - 2010
The concept of enterprise risk management will be examined in the context of multi-strategy hedge funds and fund of hedge funds. This paper seeks to demonstrate that risk at these organizations has to be considered holistically and not in “silos”. A number of qualitative and quantitative...
Persistent link: https://www.econbiz.de/10013147255
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What drives performance in the speculative market of short-term exchange-traded retail products?
Baller, Stefanie; Entrop, Oliver; Schober, Alexander; … - 2017
This paper considers the realized returns of individual investors in warrants and leverage certificates. First, we derive a general formula that analytically decomposes the return into several economically meaningful components that are related to investor's trading behavior and the issuers'...
Persistent link: https://www.econbiz.de/10011849248
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Stock Price Synchronicity and Liquidity : Retail Investors’ Risk Preference Under Funding Liquidity Shocks
Ryu, Doojin; Webb, Robert I.; Yu, Jinyoung - 2022
This study examines the roles of funding liquidity in shaping the relationship between stock price synchronicity and …, contradicting the relative synchronicity hypothesis. Improvements in funding liquidity contribute to this pattern by significantly … equity market liquidity. We find that market liquidity and stock price synchronicity exhibit a downward-sloping relationship …
Persistent link: https://www.econbiz.de/10013309730
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Tournament behavior in Australian superannuation funds : a non-parametric analysis
Hallahan, Terrence; Faff, Robert W. - In: Global finance journal 19 (2009) 3, pp. 307-322
Persistent link: https://www.econbiz.de/10003837187
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Herding of institutional traders : new evidence from daily data
Kremer, Stephanie - 2010
This paper sheds new light on herding of institutional investors by using a unique database that identifies every transaction made by financial institutions in the German stock market. First, the analysis reveals that herding behavior of institutions occurs daily. Second, replication of the...
Persistent link: https://www.econbiz.de/10008665444
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Short-term herding of institutional traders : new evidence from the German stock market
Kremer, Stephanie; Nautz, Dieter - 2011
This paper employs a new and comprehensive data set to investigate short-term herding behavior of institutional investors. Using data of all transactions made by financial institutions in the German stock market, we show that herding behavior occurs on a daily basis. However, in contrast to...
Persistent link: https://www.econbiz.de/10008906006
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Herding of institutional traders
Kremer, Stephanie - 2010
This paper sheds new light on herding of institutional investors by using a unique and superior database that identifies every transaction of financial institutions. First, the analysis reveals herding behavior of institutions. Second, the replica- tion of the analysis with low-frequent and...
Persistent link: https://www.econbiz.de/10003962962
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Fund managers : why the best might be the worst ; on the evolutionary vigor of risk-seeking behavior
Witte, Björn-Christopher - 2012
This article explores the influence of competitive conditions on the evolutionary fitness of different risk preferences. As a practical example, the professional competition between fund managers is considered. To explore how different settings of competition parameters, the exclusion rate and...
Persistent link: https://www.econbiz.de/10009553043
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Fund managers : why the best might be the worst ; on the evolutionary vigor of risk-seeking behavior
Witte, Björn-Christopher - 2012
This article explores the influence of competitive conditions on the evolutionary fitness of risk preferences, using the professional competition between fund managers as a practical example. To explore how different settings of competition parameters, the exclusion rate and the exclusion...
Persistent link: https://www.econbiz.de/10009528957
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Fund managers - why the best might be the worst : on the evolutionary vigor of risk-seeking behavior
Witte, Björn-Christopher - 2011
This article explores the influence of competitive conditions on the evolutionary fitness of different risk preferences. As a practical example, the professional competition between fund managers is considered. To explore how different settings of competition parameters, the exclusion rate and...
Persistent link: https://www.econbiz.de/10009244214