In this paper, we attempt to identify risk factors for Asia-focused hedge funds through modified style analysis technique. Using an Asian hedge fund index, we find that Asian hedge funds show significant positive exposures to emerging equity markets, especially emerging markets in Asia, and also...

In this paper we identify risk factors for Asia-focused hedge funds through a modified style analysis technique. Using an Asian hedge fund index, we find that Asian hedge funds show significant positive exposures to emerging equity markets. For both a static and rolling period style analysis,...

We investigate efficient fee structures for actively managed funds when both the investor-principal and the prospective manager-agent have utility functions of the generalized log variety. Efficient fees include a fixed component that reflects the manager's protected consumption. This is a new...

We extend an influential contribution to the literature on agency theory and then use this extension, along with other theoretical contributions, to shed light on agency problems affecting funds management and financial planning in Australia. The case for pure fee for service in actively managed...

Debt Valuation Adjustment (DVA) is an adjustment to the measurement of derivative liabilities to reflect the own credit risk of the entity. Accounting DVA is a DVA to be recognised for accounting purpose and this paper proposes a methodology to price accounting DVA. In particular the authors...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>We extend an influential contribution to the literature on agency theory and then use this extension, along with other theoretical contributions, to shed light on agency problems affecting funds management and financial planning in Australia. The case for pure...</p>