This Article attempts to define hedge funds and to distinguish them from a variety of similar investment funds. After reviewing the hedge fund definition in the U.S. and the EU, this Article argues that the current regulatory framework, which defines hedge funds by reference to what they are not...

The purpose of this doctoral thesis is clearly established: to understand whether fund of hedge funds based portable alpha strategies provide tools for better investment results commensurate with risk and costs.A finance literature review is presented, which also delves into the roots of hedge...

Hedge funds (and their clients) investing in gold should be aware of the differences among competing gold investment products. Gold appeals to different investors for different reasons, and different gold investment products can be more or less responsive to the investor's motivations. Hedge...

Basel II defines operational risk as the risk of direct or indirect loss resulting from inadequate or failed internal processes people or systems or from external events. In the past decade there have appeared a number of quantitative approaches to measuring this risk, approaches that abstract...

We document that CRSP and Thomson contain a large number of voluntarily reported mutual fund portfolios that are not in SEC filings while, additionally, CRSP and Thomson are missing a large number of SEC mandated portfolios available in SEC filings. Voluntary disclosure is likely motivated by...