The enormous growth in hedge fund assets began in the late 1990s and has continued up to the present. At the same time, academic research has focused on the flow-driven price impacts on financial assets but has not focused on burgeoning hedge fund assets. Katja Ahoniemi and coauthor Petri Jylhä seek to correct that oversight with their recent Financial Analysts Journal article, “Flows, Price Pressure, and Hedge Fund Returns.
Over the past two years, two teams of Financial Analysts Journal authors have been exchanging ideas through a series of articles and letters published in the FAJ.
“The Rise and Fall of Performance Investing,” a recent article by Charles D. Ellis, CFA, in the Financial Analysts Journal, has sparked a lot of chatter in the financial press.
Market regulation is a hot-button topic at the best of times, and the economic effects of specific regulations are very rarely completely understood. J. Ari Pandes and Michael J. Robinson, CFA, looked into market regulation for an article in the July/August 2014 issue of the Financial Analysts Journal.
Merit plays a substantial role in the length of a mutual fund manager’s career. Notably, managers who underperform their peers are more likely to lose their jobs.
Recent research finds that significant positive risk-adjusted returns are produced by the application of a “betting against beta” (BAB) model.
Over time, the annualized return of a duration-targeting, investment-grade corporate bond portfolio will nearly match its initial yield. A high-yield bond portfolio’s performance is not similarly predictable, according to Martin Fridson, CFA.
Since the 2008 financial crisis, the derivatives industry has been embroiled in a controversy over whether to make funding value adjustments. John Hull and Alan White explore this controversy in their article, “Valuing Derivatives: Funding Value Adjustments and Fair Value.”
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.