This paper examines the effect of sovereign credit rating change announcements on the CDS spreads of the event countries, and their spillover effects on other emerging economies' CDS premiums. We find that positive events have a greater impact on CDS markets in the two-day period surrounding the...

This study uses a set of return‐based factors to explore market (return and volatility) timing ability of commodity trading advisors (CTAs). Unlike previous research, we use return‐based factors that are related to the futures markets in which most CTAs trade. This leads to higher...

Debunking outdated and inaccurate beliefs about investment management and reveals the new realities of the post-modern financial markets There have been a lot of big changes in the investment world over the past decade, and many long-cherished beliefs about the structures and performance of...