Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 2122 for “"Funds"”.
-
Essays in Asset Management: Mutual Funds and Exchange-traded Funds
… to fund management, and in particular, mutual funds (MFs) and exchange-traded funds (ETFs). The first essay studies the decision by an asset manager to launch an exchange-traded fund (ETF). Fund families focus on both revenue generation and cost reduction when making launching decisions, with …
-
Activist hedge funds
Hedge funds have played a significant role in shareholder activism in the U.S. They have appeared quite frequently in the media as the driving force behind changes in firms' management that generate higher returns on their investments. Nonetheless, many wonder whether they really bring long-term …
-
An Asymptotic Principal Components Performance Measurement for Mutual Funds With Emphasis on Fixed Income Funds Relative to Balanced and Stock Funds
… performance of bond, balanced, and stock mutual funds relative to the market and each other. It builds a performance measurement model based upon the Connor-Korajczyk Jensen-like measure. This model enables one to avoid some of the problems associated with factor analysis and yet look at …
-
The Predictability of International Mutual Funds
… 2002 for all categories of international mutual funds. This exploration splits the sample, uses the initial sub-sample to investigate return patterns of international mutual funds and develops trading rules based on the predictable return patterns, and tests those rules on the holdout sample. The …
-
Three Essays on Exchange-Traded Funds
Chapter 1 The rise of exchange-traded funds (ETFs) has attracted significant attention from investors, regulators, and academics alike. Despite the widely asserted importance of authorized participants (APs) to ETFs' structure and function, little is known about the effects of AP behavior on ETFs …
-
Constructing volatility surfaces for managed funds
In this dissertation, a methodology is developed for constructing a volatility surface for a managed fund by extending the work of Bakshi et al. (2003) and Taylor (2014). The power utility assumption (with constant relative risk aversion for a specific maturity) and historical returns series data …
-
An empirical study of hedge funds
Hedge Funds are one of the fastest growing, yet least understood, category of alternate investment vehicles. They are pooled investment vehicles that use leverage, short-selling, dynamic hedging and derivatives to implement investment strategies significantly different from the non-leveraged, …
-
Brazilian pension funds : real estate investments
… analyze the participation of Brazilian pension funds in the real estate sector, with special attention to their historical motivations. The thesis also describes the prospects of future investments in the sector once that both pension funds and the real estate industry are experiencing great …
-
Essays on taxation and mutual funds
… framework, comparing actively managed to index funds; this technique gives a lower-bound estimate of the increase in the fraction of gains paid-out as long-term after the Act of five percentage points. The second chapter examines equity mutual fund dividend yields. Dividends are highly-taxed for …
-
Two Essays on Equity Mutual Funds
Previous research has shown that expected market returns vary over time and that this variation can be predicted by variables such as dividend yields and book-to-market ratios (Fama and French (1989); Campbell and Thompson (2008)). Further, macroeconomic variables affect asset returns (Flannery and …
-
Legal Risk Associated with Electronic Funds Transfer
… share a number of similarities with paper-based funds transfers in regard to methods of regulation, and the careful observer can identify patterns and themes. Today, the business world depends heavily on EFT systems for its procedures; and government and academia have also taken a keen interest …
-
Two essays on money market funds reforms
… of large exogenous outflows from money market funds (MMFs) on their borrowers due to the 2016 Securities and Exchange Commission (SEC) reforms. By exploiting cross-MMF outflow variation, the study documents the financial distress that MMFs transmit to the broader economy. It shows that the MMF, …
-
Closed-end funds: Discounts, premia and performance.
Closed-end funds have been an anomaly in finance because the market prices of their shares differ from their aggregate net asset values per share. They often purchase shares of restricted securities at prices which are discounted from the prices of unrestricted securities. However, restricted …
-
Hedge funds and higher moment portfolio selection
… are crucial constituents in a fund of hedge funds portfolio. When comparing optimised multi-asset class portfolios including an allocation to hedge funds, the results show that mean-variance optimisation overallocates to the hedge fund class on the basis of its high reward to volatility …
-
Hedge funds and higher moment portfolio selection
… are crucial constituents in a fund of hedge funds portfolio. When comparing optimised multi-asset class portfolios including an allocation to hedge funds, the results show that meanvariance optimisation overallocates to the hedge fund class on the basis of its high reward to volatility ratio.
-
Revisiting performance persistence in real estate funds
… for evidence of persistence in subsequent funds from the same manager; it is designed to update and enhance a prior thesis performed by Cathy C. Hahn (2003), using both parametric and non-parametric tests. Tests were performed on gross and net returns covering the period from 1991-2004. …
-
Optimal allocation of Coast Guard district recruiting funds.
… allocation of Coast Guard district recruiting funds for five Coast Guard districts. An attempt is made to determine the marginal productivity of input factors, advertising, recruiting travel, and give away items. Financial data for the five districts reviewed is compared with the results of a …
Page 1 of 107