The considerable amount of required infrastructure and renewable energy investments expected in the forthcoming years also implies an increasingly relevant contribution of private and institutional investors. In this context, especially regulatory and policy risks have been shown to play a major...

We suggest a new measure to evaluate hedge funds - relative alpha. It links each hedge fund to a group of its peers in a straightforward, semi-parametric way. We allow for omitted factors, yet do not require knowledge of the true factor structure nor do we need to estimate any factor model. We...

U.S.-China relations have entered a period best characterized as an era of increased tension with aspects of strategic competition. The two countries are escalating disagreements over issues such as trade, the North Korean nuclear and missile programs, and the South China Sea. Despite these...