From the standpoint of both the academic researcher and the investment practitioner, it is crucial to be able to identify which factors best capture stock return variation and specifically the discount variation. As a result, there has been a proliferation of research that attempts to identify...

This book is designed to provide an overview and introduction to the Fixed–income securities industry. A fixed–income security is a debt obligation or a loan in which the issuer of the debt pays a specified amount to the holder of the security in terms of fixed periodic payments known as the...

This book is designed to provide an overview and introduction to the hedge funds industry.Hedge funds are also known as alternative investments that are suited to institutional investors or wealthy investors with significant experience and knowledge in investment. They are used to hedge...

As businesses worldwide enter the twenty-first century, they face a bundle of risks almost unimaginable just 10 years ago. E-commerce has become an integrated part of our daily life with amazing speed. Anyone with a PC can disseminate information widely and quickly. A business that cannot manage...

This paper aims at testing empirically the major building blocks that affect the performance of Hedge Funds: incentive fees, management fees, size, age, hurdle rate, high watermark provision and lockup period. The sample is provided from Data Feeder dataset. It is very comprehensive and includes...

In this article, we have tested the volatility of the returns of the spot exchange rate of EURO/USD, the returns of a real exchange rate index and the money supply, (M1), for changing conditional variances. Autoregressive Conditional Heteroskedastic models (ARCH), Generalized Autoregressive...

This article describes the current sovereign debt crisis of Greece, Ireland, Portugal and Spain, (GIPS). Using data from the International Monetary Fund, IMF, we illustrate the degree of the problem since the start of 2009. Macroeconomic indicators such as gross domestic product constant prices...

In this article, we have tested a linear Gaussian state space model and the kalman filter in testing ARMA(2,3) models of the natural logarithmic monthly market returns of the US 1838 bond debenture closed-end fund. The aim is to estimate expectations that arises from the interaction of...