This study investigates risk, performance and persistence of systematic and discretionary CTAs. Before analyzing the average performance this study updates previous results in the CTA literature on database biases and finds that results remain largely unaffected by the recent crisis. Controlling...

This study investigates the differences in mortality between systematic and discretionary Commodity Trading Advisors, CTAs, over 1994-2009 period, the longest horizon than any encompassed in the literature. This study shows that liquidation is not the same as failure in the CTA industry. New...

We study the effects of managerial turnover and competition on U.S. sub-advised mutual funds (MFs), using changes of sub-advisors by 426 funds from January 1995 to December 2016. Sub-advised MFs exhibit return-chasing behaviour when making turnover decisions, but these changes neither improve...

The World Trade Organization and human rights providing some power to the people, some of the time -- South Africa : in the "rainbow nation," trade and human rights are anything but black and white -- Brazil : creating new rules of the road -- European Union : the behemoth is not a dinosaur --...

Digital Social Payments (DSPs) offer a variety of potential benefits over traditional cash, voucher, or in-kind methods. Proponents most often cite increased efficiency, reduced leakage, and faster, more convenient and more secure payments to recipients. When linked to bank accounts or mobile...

Child Development Accounts (CDAs) as a matter of policy have existed for some time, though predominantly in developed countries. While there are at least a few government social programs with CDA components in the developing world, such policies have yet to gain significant traction. This paper...