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.
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Showing 1 to 20 of 28 for “"Portfolio Managers"”.
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Essays on Performance Evaluation of Portfolio Managers of Mutual and Hedge Funds
… essays focusing on the performance evaluation of portfolio managers of mutual and hedge funds. The first essay shows the performance of corporate bond mutual funds tends to be estimated using models with limited empirical validation. I test several models and find considerable variation in …
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Delegated Portfolio Management - Optimal Portfolio Policies under Compensation, Capital Flow and Price Influence
This work investigates the intertemporal portfolio optimization of professional portfolio managers. It analyzes whether the special conditions of delegation in which portfolio managers make investment decisions - compensation depending on assets under management, capital flow depending on past …
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An investigation into the differences of asset allocation strategies of the government institutions pension fund and Caprocorn asset management company
… of the securities. The researcher found that the portfolio managers from the two investment firms use different asset allocation strategies as default investment options for their investors and members. The research established that the Government Institutions Pension Fund and Capricorn Asset …
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Volatility swaps and their use in currency risk management
… that help to decrease the asset risk of a portfolio, they also introduce foreign exchange risk. Classic hedging instruments used to hedge this risk have the drawback of hedging not only the risk but the foreign exchange returns as well. Volatility swaps are financial instruments that allow …
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Sensemaking in Investor Networks: The Interactions between Financial Market Participants and the European Central Bank
… (ECB). By doing so, the thesis’ focus is on the portfolio managers at systemically important asset management companies as the main protagonists, not the central bank itself. The focus of the research spans the asset purchases under the Public Sector Purchase Program and the Corporate Sector …
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A study of the relative performance of South African unit trust fund managers utilizing the portfolio change measure technique
… and those who judge the performance of fund managers, have heightened incentives to ensure portfolio performance is accurately measured. More specifically, there is a growing need · to measure the performance of the individual fund managers themselves, thus enabling the directors of the fund …
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Portfolio management in the Air Force : current status and opportunities
… One way ameliorate cost escalation is to employ portfolio management technique. The Air Force groups their weapon systems into 20 portfolios. Some form of portfolio management has been employed for the last decade. Portfolio management cannot solve the issues above but it can offer a solution …
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Three Essays on Corporate Governance and Institutional Investors
… money manager. Motivated by simple structure of portfolio managers' compensation and complex risk structure of returns, I show that it may be optimal for the principal to stay unaware about the true risk structure of returns. The third essay analyzes the biases related to self-reporting in the …
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A Markowitz mean-variance analysis of hedge fund investments for multi-asset class portfolio holders in South Africa
… the use of hedge funds in a multi-asset class portfolio. Diversification is an important tool for portfolio managers who make use of correlation to achieve higher risk-adjusted returns for investors. As such this paper tests whether higher risk-adjusted returns can be achieved in well …
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Essays on Institutional Investors
… Consistent with models in which delegated portfolio managers may want to invest in overpriced assets, I find that hedge funds were holding real estate stocks instead of selling short during the period of overpricing (2003Q1-2007Q2). The third essay finds that investor composition affect …
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Shariah: An efficiency analysis
… finance may suffer from learning effects, portfolio managers certainly ‘learn by doing'. But once they have learned it seems that their portfolios need not underperform the market. However, it must be recognized that a lack of standardization and diverse scholar opinions can adversely …
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Asymmetric Nonlinear Correlation between Cryptocurrencies and the Stock Market Performance in South Africa
… between crypto and stock markets, complicating portfolio diversification and increasing exposure to cross market spill lovers. While existing literature acknowledges cryptocurrency market integration, few studies explicitly examine their relationship with stock markets, particularly in terms of …
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Analyzing capital allocation for energy efficiency improvements by commercial real estate investment managers
… real estate management chain including property managers, asset managers, portfolio managers, and institutional owners. The quantitative study consisted of a financial model to compare competing alternative capital investments. The competing investments consisted of a cosmetic improvement which …
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Organizational learning and knowledge management: application within the Kwazulu- Natal department of public works
… with a selected sample of construction project managers and portfolio managers. Furthermore, the results of this study indicate that project managers see the value in cross project learning and senior management must have a structured knowledge management system in place that supports sharing of …
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Exploring a new technique to determine the optimal real estate portfolio allocation
Modern Portfolio Theory has been developed over the last fifty years, and there are several studies linking Modern Portfolio Theory with the allocation of real estate property in multi-asset portfolios. However, in reality, most real estate fund managers don't use MPT as a guideline when they are …
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Analysis of the cross-section of equity returns on the JSE Securities Exchange based on linear and nonlinear modeling techniques
… generating stock selection techniques for active portfolio managers in the South African equity market using the blended linear-nonlinear approach.
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Matching Individual Environmental, Social and Governance Revealed Preferences with Investment Portfolios
… popular in the last decade. However, portfolio managers face challenges in creating customized portfolios that align with investors' ESG preferences due to varying interpretations of sustainable investing and the lack of accurate information. This research shows that different ESG …
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On the predictability of U.S. stock market using machine learning and deep learning techniques
… proving significant alternatives to portfolio managers. Chapter three focuses mainly on the application of regression training (RT) techniques to forecast the U.S. equity premium. The RT models demonstrate significant evidence of equity premium predictability both statistically and …
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Multi-objective evolutionary methods for time-changing portfolio optimization problems
… with the use of evolutionary algorithms. The portfolio optimization problem is a multi-objective optimization problem for the conflicting criteria of risk and expected return. Furthermore the nonstationary nature of the market makes it a time-changing problem in which the optimal solution is …
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Managing choice in research and development
… (R&D) lies primarily in creating choices; R&D managers add value by managing choice effectively. An approach has been developed to align portfolio balance with strategic balance in managing R&D. A system dynamics model is used for strategy and a real option model for portfolios, calibrated with …
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