The insurance industry is an important contributor to the economy, a major employer and a significant source of overseas earnings. Insurance industry helps businesses to protect themselves from risk and provides a wide range of services to people. In this article, we measure technical,...

In this paper, we are examining hedge funds risk and return profile over the period 1990 to 2003 using Jensen's measure, implied volatility, correlations, covariances, Sharpe and Sortino ratios. The large range in returns and dispersion suggest that the mean variance approach may not indicate a...

In this article, we measure the alpha and beta of high volatility commodity futures contracts of hedge funds. The futures contracts under study are gold, silver, zinc, palladium and platinum. Combining managed futures with shares and bonds provide better returns with lower risk or mean variance...

Several theories attempt to make sense of the closed-end funds discounts within a rational framework such as those by Malkiel, (1977,1995), Barclay, Holderness and Pontiff (1993), Kumar and Nornoha (1992), Pontiff (1996), Chen, Kan and Miller (1993), Chopra, lee, Shleifer and Thaler (1993),...

The purpose of swap market is to transfer or hedge credit risk. As they are over- the- counter instrument (OTC), they are more tailored to meet specific needs of the counterparties. Thus, there is significant difference with exchange traded derivative products such as standardized futures and...

In this article, we analyze the demand factors that affected the UK insurance companies. The demand for financial services and new insurance products has documented fundamental changes in recent years that can be attributed to three major factors. First, demographic changes have created...

This article aims at measuring the performance of commodity futures as a risk management tool and diversification strategy of hedge funds portfolio. CTA, commodity trading advisers, or managed futures managers’ trade in the commodity market. The hedge funds invest in commodity futures,...

In this article, we are in favourite that a country should keep its own currency that reflects its unique tradition and religion. Dornbusch’s model was an attempt to model exchange rate and currency fluctuations with macroeconomic indicators as the purchasing power parity, (PPP), does not hold...

In this article, we include new evidence in terms of factors that affect the IS- LM schedules in the Greek economy. The whole process will be supported by the devaluation of the exchange rate in order to improve the balance of trade and improve the repayment of the accounting payables. We want...

In this article, we examine how event driven hedge funds performance is affected by risks in terms of bid ask spreads, settlement risk, short squeeze risk and financing risk. The fund manager primarily is targeting financial, micro and macro economic or political events, corporate events that...