Investment fund managers make asset allocation decisions on behalf of a significant segment of US households. To elucidate the incentives they operate under, as well as the income and career risks they face, we construct a unique and novel dataset, which encompasses detailed information on the...

To address the low-carbon smart community energy system, the grid-connected or islanded modes of the smart hybrid energy systems (SHES) are presented. The economic/environmental dispatch optimization algorithm (EEDOA) is employed to determine the SHES system operation at lower total operating...

Insurance companies often follow highly correlated investment strategies. As major investors in corporate bonds, their investment commonalities subject investors to fire-sale risk when regulatory restrictions prompt widespread divestment of a bond following a rating downgrade. Reflective of...