Funds of hedge funds are diversified investment vehicles that provide investors with diversification either across …

diversification can outperform the naïve 1/N strategy in out-of-sample benchmarks. Providing an updated review of these models since … in terms of Sharpe ratio, certainty-equivalent return or turnover. This suggests that simple diversification rules are … expected returns, and possibly exploring diversification rules that do not require the estimation of expected returns directly …

(Markowitz) diversification in a portfolio of four popular cryptocurrencies. We employ weekly data with weekly rebalancing and … show there is very little to select between naïve diversification and optimal diversification. Our results hold for …

, creating an illusion of diversification. After European private equity funds switched to fair value accounting following their … and private equity funds' access to capital decreased. Our results are consistent with an illusion of diversification that …

default swaps (CDSs) are added into portfolios as an asset class. This is different from using CDS as a hedging instrument for …

to provide convincing results. DRP strives for maximum diversification along uncorrelated risk sources. A straightforward …

, most previous analysis has focused on regional diversification by applying the traditional mean-variance (MV) framework …

between diversification and accuracy, over 60% of analysts cover multiple industries. We argue that analysts' choice to …-star analysts, diversification does not improve career outcomes. We conclude that industry diversification is a safety mechanism for …

Recent policy discussion includes the introduction of diversification requirements for sovereign bond portfolios of … European banks. In this paper, we evaluate the possible effects of these constraints on risk and diversification in the … analysis. We then analyze the risk and diversification in the sovereign bond portfolios of the largest European banks and …

This paper examines the diversification benefits of iShares in comparison to closed-end country funds (CECFs) and … diversification gains than their rivals. The main findings are: first, although all of these financial instruments exhibit significant … exposure to U.S. market, they retain significant exposure to their home markets and provide important diversification benefits …