Fund trades and prices vary systematically with the quarterly reporting cycle. Funds are more likely to complete the building of a position at quarter-end, which is when most funds report positions to investors, and begin building new positions afterwards. While some of the observed shift in...

Welches ist die kalkulatorische Mindestmarge eines Darlehens? Soll ein Kreditvertrag zu bestimmten Konditionen abgeschlossen werden oder nicht? Fragen wie diese müssen der Firmenkundenbetreuer und das operative Kreditmanagement einer Bank täglich beantworten. Um sie zu beantworten, müssen im...

Investments in power generation assets are risky due to high construction costs and long asset lifetimes. Technology diversification in generation portfolios represents one option to reduce long-term investment risks for risk-averse decision makers. In this article, we analyze the impact of...