To date analyses of Danish mutual fund performance have been few and mainly pursued by mutual funds themselves or by the Association of Danish Mutual Funds (www.ifr.dk). The purpose of <p> this paper is to provide the first independent performance analysis of Danish mutual funds, which includes 44...</p>

Based on a number of deviation measures, Kim (1996) finds that postwar US consumption deviates from the Permanent Income Hypothesis (PIH) by only around 4 percent. In the present paper we investigate in more detail the extent to which the PIH provides a good approximation to US consumption data....

We present a new dividend-adjusted blue chip index for the Dan- <p> ish stock market covering the period 1985-2002. In contrast to <p> other indices on the Danish stock market, the index is calcu- <p> lated on a daily basis. In the first part of the paper a detailed <p> description of the construction of...</p></p></p></p>

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In this analysis we identify dynamic hedge fund strategies quantitatively pursuing a Principal Component Analysis following Fung and Hsieh (1997). We extract five dominant hedge <p> fund strategies each representing similar investment styles and analyse the performance of each strategy by employing...</p>