Momentum and Reversion have always been seen as independent of each other and never as a composite. This study explains how the two behaviors are not only connected but also get transformed into each other. This dynamics drives not only stock market systems but all natural systems. One reason...

Stationarity tests are used to detect mean reversion in a certain dataset. Mean Reversion processes suggest a non-random behavior in a time series (Lo and MacKinley, 1988). Previous research has focused on studying mean reversion at stock price level (Debondt and Thaler, 1985; Lindemann et al.,...

In this article, written for the symposium on the Future of Employer-Based Health Care, we evaluate Fair Share legislative efforts which target large employers to fund health insurance programs. In January of 2006, Maryland became the first state in the nation to mandate employer contribution to...

This book review of MIT Economists Osterman, Kochan, Locke and Piore's Working in America: A Blueprint for the New Labor Market considers the inadequacies of current workplace structures and the challenges facing regulators of the new economy. The review explores the implications of Blueprint to...

Arabic Abstract: تناولت الدراسة أصول تدخل الدولة في ترقیة النشاط الاقتصادي من خلال دراسة مقارنة بین النظام الاقتصاديالإسلامي والتقلیدي. تتحدد مشكلة الورقة في صعوبة...

Present market instabilities have prompted great interest on the characteristics of specific portfolios such as minimum variance and equally- weighted risk contribution portfolios as these portfolios do not rely on the estimate of expected returns. Indeed, in turmoil periods traditional market...

This paper explores the optimisation of asset allocation within “alternative” investments, i.e. between private equity and hedge funds, as well as between private equity and public equities. It uses our proprietary Portfolio Blender tool. As a preliminary step before the optimisation, we...