literature, and the general perception of diversification benefits within cryptomarkets mostly builds on popular beliefs. The …

(FOFs). In this paper we examine a new database that separates out for the first time the effects of diversification (the … variance reducing effects of diversification peter out once FOFs hold more than 20 underlying hedge funds. Yet the majority of … FOFs are more diversified than this. We find a new and surprising result that this excess diversification actually …

diversification into VIX futures is ex-ante optimal for standard mean-variance investors, then extend this to include skewness … study shows that skewness preference increases the frequency of diversification, but out-of-sample the optimally …

This paper aims to empirically verify whether an individual European investor can enhance the diversification of his … the long term risk-return profile of a conventional asset allocation. The diversification benefits are realizable even …

as energy, metals, softs, etc.). In this article, we examine the diversification benefits of managed futures. We examine … results as they relate to the diversification benefits of managed futures …

Uncertainty about manager skill and diversification constraints are hallmarks of investing in alternative assets. This … institutional allocations to private equity and across-fund diversification, our analysis reveals that certainty equivalent returns …

Vermorken et al. (2012) introduce a new measure of diversification, the Diversification Delta based on the empirical … suggested Diversification Delta measure has a number of drawbacks that we highlight in this article. We also propose an …

, creating an illusion of diversification. After European private equity funds switched to fair value accounting following their … and private equity funds' access to capital decreased. Our results are consistent with an illusion of diversification that …