Hedge funds have become an increasingly popular investment tool in the past decade,due to their general lack of correlation with stocks and bond markets. Whenevaluating using the Markowitz portfolio selection theory, hedge funds appear tooffer a remarkable opportunity. Yet use of the Markowitz...

Vor dem Hintergrund eines Wandels der Rahmenbedingungen im Finanzdienstleistungssektorgewinnt die systematische, ganzheitliche Steuerung der Aktiva undPassiva eines Unternehmens eine besondere Bedeutung. Diesem Zweck dient dassogenannte Asset Liability Management.Wir beschreiben die jeweiligen...

For creating or adjusting credit scoring rules, usually only the accepted applicant’sdata and default information are available. The missing information for therejected applicants and the sorting mechanism of the preceding scoring can leadto a sample selection bias. In other words, mostly...