Asset Allocation… Naive 1/N Portfolio versus Sophistication and Optimization 28 Jun 2012March 28, 2025 Optimal diversification is one of the key insights of modern portfolio theory, however, due to estimation errors, theory-based portfolio strategies are not as good as one once thought; under some…
Hedge Funds Diversification Experiments in Hedge Funds of Funds 26 Jun 2012March 28, 2025 The State of Hedge Fund Industry Since the creation of the first hedge fund by sociologist, author, and financial journalist Alfred W. Jones in 1949, diversification in fund strategies and…
Alternative Investments… Passion Investments – Investments of Love (I) 25 Jun 2012March 28, 2025 It may be necessary to mention the section of high net worth individuals (HNWIs) in The 2012 World Wealth Report*(please see below re the Methodology) first, which was released on…
Financial Modeling Financial Research, Financial Model, Market Efficiency 21 Jun 2012March 28, 2025 “If you give CAPM and VaR to monkeys, they are going to create financial crisis.” This is one of the most vivid sayings I have heard these days, although I…
Fixed Income Neither Angels Nor Demons—Social Impact Bonds 20 Jun 2012March 28, 2025 The idea of social impact bonds is an innovative way of attracting new investment that benefits individuals and communities. Social impact bonds are contracts with the public sector in which…
Emerging Markets Investing in Russian Financial Markets 18 Jun 2012March 28, 2025 Investing in Russian financial markets involves participating in the various asset classes and instruments available in Russia. Here are some key points to consider when investing in Russian financial markets:…
Emerging Markets… Spur Economic Progress in the Middle East and North Africa (MENA) 18 Jun 2012March 28, 2025 On March 26, 2012, the CFA Institute Middle East Investment Conference specifically focused on the economy in the Middle East and North Africa (MENA) region. Here are some personal opinions…
Emerging Markets Korean-Style Hedge Funds 18 Jun 2012March 28, 2025 Korean-style hedge funds refer to hedge funds that are managed or operated by investment firms based in South Korea or that primarily focus on investing in Korean financial markets. These…
Portfolio Management Link Between Luxury Sector and Investment Consulting 18 Jun 2012March 28, 2025 As a stand-alone and recognized stock market industry category, the luxury goods sector is relatively new with many of the listed players having come to the public markets only in…