scholarly journals The Economics and Finance of Hedge Funds: A Review of the Academic Literature

2015 ◽  
Vol 10 (1) ◽  
pp. 1-111 ◽  
Author(s):  
Vikas Agarwal ◽  
Kevin A. Mullaly ◽  
Narayan Y. Naik

2021 ◽  
pp. 418-436
Author(s):  
Nicolas P. B. Bollen

This chapter discusses crime in the context of hedge fund management and reviews some of the relevant academic work in the area. The chapter provides examples of the different types of misconduct that have been perpetrated and prosecuted in hedge funds. Thereafter, it reviews relevant regulation of hedge funds and the resulting available information which regulators and investors can use to assess the risk of misconduct. Academic work related to hedge fund crime often relies on commercially available databases that are described in the chapter. The chapter further presents techniques developed in the academic literature to quantify the risk of misconduct and assesses their information content in empirical analyses.



Author(s):  
Gordon de Brouwer
Keyword(s):  


2000 ◽  
Vol 5 (1) ◽  
pp. 44-51 ◽  
Author(s):  
Peter Greasley

It has been estimated that graphology is used by over 80% of European companies as part of their personnel recruitment process. And yet, after over three decades of research into the validity of graphology as a means of assessing personality, we are left with a legacy of equivocal results. For every experiment that has provided evidence to show that graphologists are able to identify personality traits from features of handwriting, there are just as many to show that, under rigorously controlled conditions, graphologists perform no better than chance expectations. In light of this confusion, this paper takes a different approach to the subject by focusing on the rationale and modus operandi of graphology. When we take a closer look at the academic literature, we note that there is no discussion of the actual rules by which graphologists make their assessments of personality from handwriting samples. Examination of these rules reveals a practice founded upon analogy, symbolism, and metaphor in the absence of empirical studies that have established the associations between particular features of handwriting and personality traits proposed by graphologists. These rules guide both popular graphology and that practiced by professional graphologists in personnel selection.



1991 ◽  
Vol 36 (9) ◽  
pp. 748-749
Author(s):  
William L. Wilbanks


2003 ◽  
pp. 95-101
Author(s):  
O. Khmyz

Acording to the author's opinion, institutional investors (from many participants of the capital market) play the main role, especially investment funds. They supply to small-sized investors special investment services, which allow them to participate in the investment process. However excessive institutialization and increasing number of hedge-funds may lead to financial crisis.



2019 ◽  
pp. 55-69 ◽  
Author(s):  
Sergey M. Drobyshevskiy ◽  
Natalia V. Makeeva ◽  
Elena V. Sinelnikova-Muryleva ◽  
Pavel V. Trunin

This paper is devoted to the estimation of welfare costs of inflation, taking into account the peculiarities of the Russian economy. Theoretical approaches that are used in the literature to analyze the costs of inflation are discussed in the paper. It also provides an overview of the empirical studies of this topic. Research found in academic literature shows that the results of quantitative estimates are extremely sensitive to the choice of the functional form of the money demand equation, as well as to assumptions that are made to simplify the analysis, some of which do not fit Russian data. As a result, we have modified the standard approaches to estimating welfare costs of inflation, taking into account the monetization growth in Russia, and provide quantitative estimates of the magnitude of welfare costs of inflation. The results indicate a significant gain for economic agents in terms of real GDP with a decrease in inflation, which is regarded as a positive effect from the inflation targeting policy.



2015 ◽  
Vol 12 (1) ◽  
pp. 1-12
Author(s):  
Sarah Hackett

Drawing upon a collection of oral history interviews, this paper offers an insight into entrepreneurial and residential patterns and behaviour amongst Turkish Muslims in the German city of Bremen. The academic literature has traditionally argued that Turkish migrants in Germany have been pushed into self-employment, low-quality housing and segregated neighbourhoods as a result of discrimination, and poor employment and housing opportunities. Yet the interviews reveal the extent to which Bremen’s Turkish Muslims’ performances and experiences have overwhelmingly been the consequences of personal choices and ambitions. For many of the city’s Turkish Muslim entrepreneurs, self-employment had been a long-term objective, and they have succeeded in establishing and running their businesses in the manner they choose with regards to location and clientele, for example. Similarly, interviewees stressed the way in which they were able to shape their housing experiences by opting which districts of the city to live in and by purchasing property. On the whole, they perceive their entrepreneurial and residential practices as both consequences and mediums of success, integration and a loyalty to the city of Bremen. The findings are contextualised within the wider debate regarding the long-term legacy of Germany’s post-war guest-worker system and its position as a “country of immigration”.



2017 ◽  
Vol 19 (2) ◽  
pp. 31-63 ◽  
Author(s):  
Hannah C. Erlwein

Arguments for God's existence, it has often been argued in the secondary academic literature, form an essential part of classical Islamic theology (ʿilm al-kalām) and philosophy (falsafa). In the past decades, numerous scholars have dealt with what could be termed the Islamic discourse on arguments for God's existence, and have commonly analysed these arguments making recourse to Immanuel Kant's (1724–1804) categorisation of such arguments as cosmological, teleological, or ontological. The great Ashʿarī theologian Fakhr al-Dīn al-Rāzī (d. 606/1210) is, unsurprisingly, seen as no exception to this: he, too, has been regarded as a participant in the aforementioned discourse, and in several of his major kalām works he introduces four methods to ‘prove the existence of the creator’. In this article, I will, however, argue that al-Rāzī had no concern for proving God's existence; the arguments in his kalām works, which, in the secondary academic literature, have been described as seeking to prove that God exists, it shall be suggested, serve a different purpose. This shall become clear when al-Rāzī’s commentary on the Qur'an, al-Tafsīr al-kabīr, is taken into account. Previous studies of al-Rāzī’s (alleged) arguments for God's existence have only focused on his kalām works proper, however, in the Tafsīr al-Rāzī not only presents the very same four kalām methods to ‘prove the existence of the creator’ and stresses that they originate in Qur'anic forms of argumentation, but he also places them in a thematic context which, in his theological works, is oftentimes lacking. This article therefore clarifies the objective underlying al-Rāzī’s arguments for the existence of the creator and explains their significance in his broader theological thought.



2020 ◽  
Vol 73 (4) ◽  
pp. 633-668
Author(s):  
Michael Nosonovsky ◽  
Dan Shapira ◽  
Daria Vasyutinsky-Shapira

AbstractDaniel Chwolson (1819–1911) made a huge impact upon the research of Hebrew epigraphy from the Crimea and Caucasus. Despite that, his role in the more-than-a-century-long controversy regarding Crimean Hebrew tomb inscriptions has not been well studied. Chwolson, at first, adopted Abraham Firkowicz’s forgeries, and then quickly realized his mistake; however, he could not back up. Th e criticism by both Abraham Harkavy and German Hebraists questioned Chwolson’s scholarly qualifications and integrity. Consequently, the interference of political pressure into the academic argument resulted in the prevailing of the scholarly flawed opinion. We revisit the interpretation of these findings by Russian, Jewish, Karaite and Georgian historians in the 19th and 20th centuries. During the Soviet period, Jewish Studies in the USSR were in neglect and nobody seriously studied the whole complex of the inscriptions from the South of Russia / the Soviet Union. The remnants of the scholarly community were hypnotized by Chwolson’s authority, who was the teacher of their teachers’ teachers. At the same time, Western scholars did not have access to these materials and/or lacked the understanding of the broader context, and thus a number of erroneous Chwolson’s conclusion have entered academic literature for decades.



CFA Magazine ◽  
2005 ◽  
Vol 16 (4) ◽  
pp. 46-47
Author(s):  
Stephen Brown
Keyword(s):  


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