Hedgefonds verzeichnen seit Jahren substantielle Mittelzuflüsse. Zwei Produkte derHedgefondsindustrie werden dabei besonders stark nachgefragt: Dachhedgefonds und Multi-Strategy (Hedge-)Fonds. Multi-Strategy Fonds können in unterschiedliche Assetklasseninvestieren und sich je nach Marktlage...

This paper brings to the forefront the assumptions that we make when focusing on a particular type of explanation for bank profitability. We evaluate a broad field of research by introducing a general framework for a profit maximizing bank and demonstrate how different types of models can be...

This paper studies whether private adaptation to flood risk is economically efficient. We estimate the return to elevating houses, one of the most significant private defensive investments against flooding, using two decades of microdata on the universe of houses and flood damages in high-risk...