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...

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),...

In this article, we compare my mathematical model with Shleifer – Vishny model of short-termism. When noise traders are optimistic, then the share price increases relative to the net asset value (NAV) and funds sell at premium and therefore at small discount. In contrast, when they are...

In this article, we examine offshore hedge funds performance that pursues leveraged activities based on distressed securities. Distressed securities are related to the corporate bonds of bankrupted companies that start to get out from the crisis and are trying to reduce their loan exposures in...

Overestimation and Underestimation psychological paradigms, which constitute the two main theories, were the main building blocks of advances in Behavioral Finance. These two theories were added to explain noise trader risk, which is added to the fundamental risk that arbitrageur’s are facing....

In this article we compare the UK and the US insurance companies. According to the Association of British Insurers ABI, 2003/4, 806 insurance companies were authorised to carry on insurance business in the UK. In 2002, 592 of these are involved on doing general business and 160 were authorised...

In this article, we are going to explain the benefits of economic growth, employment, poverty reduction, and development. Each society in a poor or rich country in order to maximize its spiritual and welfare has to follow spiritual laws integrated with the Economic theories. A well successful...