In the first of two papers, we present a factor-decomposition based framework that facilitates non-parametric risk analysis for complex hedge fund portfolios in the absence of portfolio level transparency. Our approach has been designed specifically for use within the hedge funds-offunds...

Historically, the Fourth Amendment and U.S. sanctions policy never interacted. Sanctions targeted foreign entities, which do not enjoy the protections of the Fourth Amendment. In the past couple of decades, however, the issue has become significantly more complicated. If, for instance, an...