… Buffett compares investing with a game: “As far as I am concerned the stock market doesn’t
exist. It is there only as a reference to see if anybody is offering to do anything foolish. It’s like …

… I am blessed to have learned something from all of them. Many financial professionals have
… or activities of any organization with which I am associated. Anyone interested in investing in …

Price volatility over the past 700 years in general and equity volatility over the past 1000 years
in particular is reviewed. The greatest source of risk to equity investors in the 20th century …

… One of the main conclusions of Ineichen (2001b) was that the hedge funds as well as the
fund of hedge funds industry are heterogeneous and opaque, ie information does not flow …

Given the current hype surrounding investing in hedge funds, the author assumes that most
investors by now will agree that investing in hedge funds can make sense when viewed not …

The author focuses on absolute return strategies as the third paradigm of active asset
management. He argues that the asset management industry is about to move from its second …

Returns from long-only exposure to equity and bond markets are fairly symmetrical. However,
investors prefer asymmetrical returns over symmetrical returns as they prefer gains over …

The European hedge fund industry has developed somewhat differently from the industry in
the United States. In Europe, there are considerable geographic differences in terms of …

To some, hedge fund investing is a bubble, to others absolute return strategies is a New
Paradigm in asset management. Reality is probably somewhere in between. On one hand …

The perception of the investment management profession and the investing public towards
derivatives is ambiguous. To most, derivatives are tools for efficiently managing risk. However…