The data and time dependency of empirical financial research is a common concern to both
academics and practitioners. Changes in regulatory, trading and investor environments may …

Importance sampling (IS), as an efficiency improvement technique for Monte Carlo
simulations, is particularly well-suited for correlation products which have payoffs contingent …

In this article, the authors examine three hedge fund governance characteristics-restrictions
on investor liquidity, the presence of a high-water mark, and the level of fees charged to …

The on-going debate on the relationship between fund asset size and performance has
been inconclusive. The previous studies made different conclusions. Researchers like Zera …

Despite the seeming demand by investors for hedge funds, critics of the hedge fund industry
still often attempt to prove that hedge fund investors have been sold a product that has not …

Alors que les marchés mondiaux de produits laitiers connaissent depuis 2007 une instabilité
accrue, la Nouvelle-Zélande a développé en 2008 une innovante plateforme numérique …