January 1919 to December 1994; The tax-loss selling hypothesis and the omitted risk factor hypothesis. We document … investors for bearing higher risk. However, we find no support for either of the proposed hypotheses. …

A factor-decomposition based framework is presented that facilitates non-parametric risk analysis for complex hedge … the hedge fund-of-funds environment, but is equally relevant to those who seek to construct risk-managed portfolios of … attribute risk within any hedge fund portfolio with an identifiable strategy. Furthermore, through use of Monte Carlo simulation …

risk associated with its activity and a risk associated with an environmental accident. Using a costly state verification …

The objective of this paper is to present the role and importance of internal control systems in good risk management …

In this note we analyze the hedging property of an optimal portfolio with one risk-free asset and two risky assets. We …