products. Once one admits that portfolio diversification reduces manager risk, there is a fundamental question that needs to be … risk associated with hedge fund investing diminishes in importance when the funds are repackaged into fund of funds … strategies, too much diversification results in undesirable side effects in the higher moments of the return distribution. Thus …

paper analyzes the effect of dividend yield on return as well as on risk and on performance of stocks and stock portfolios … increasing dividend yield. However, this result is rather based on risk reduction than on a higher return where risk reduction …-sized companies (MDAX), and stocks of technology firms (TecDAX). Our findings suggest that the performance generally improves with an …

We provide evidence of a significant relation between diversification and performance in the hedge fund industry … performance and diversification across sectors and asset classes. We show that on a risk adjusted basis, hedge funds that …. Measuring diversification across four distinct dimensions, we find a significant positive relation between hedge fund …

degree of diversification. The performance of the banks is measured by the return on assets ratio (ROA) and the Risk Adjusted …The current paper analyzes the performance and the choice of portfolio in Islamic banks. We consider a sample of 8 … Return On Capital ratio (RAROC). Finally, we use the Modern Portfolio Theory (MPT) of Markowitz to define the efficient …

economically significant value in a world market portfolio (by either reducing risk or increasing mean return) when rather high … a new asset that can hedge against market volatility and be a valuable portfolio component. To put this claim to the … test, this article investigates (i) the performance of investments in diamonds of different quality grades, (ii) time …

1996–2006 to examine the presence of complementarity/substitution between corporate diversification and CVC fund … diversification as different forms of exploration. Our results suggest that corporations undertake CVC investments to substitute … corporate diversification if the focus is to explore new markets, and complement corporate diversification in the search of new …

VC firm experience only relates positively to performance when outstanding (e.g. 3rd generation fund or above). However … discusses how their heterogeneity leaves room for VC firms to pursue diversification strategies and minimise the correlation …

Pareto optimal allocations and optimal risk sharing for coherent or convex risk measures as well as for insurance … applying inf-convolution of risk measures and convex analysis.In the recent literature, an increasing interest has been devoted … to quasiconvex risk measures, that is risk measures where convexity is replaced by quasiconvexity and cash-additivity is …

Little is known about the location of bank risk, i.e., which investors in which countries hold bank-issued securities … like bonds and stocks. In this paper, we analyze the (re-)distribution of bank risk across asset classes (short- and long … contains information on securities holdings at the ISIN level. Our main findings are as follows. First, bank risk is held …

firm raising its international sales by 10 percent raises the exposure of its stock return to global shocks by 2 percent …