Practical Applications of A Best Practice Protocol for the Risk Measurement of a Portfolio of Hedge Funds

2019 ◽  
Vol 7 (1) ◽  
pp. 1.5-6
Author(s):  
Shubeur Rahman ◽  
Ranjan Bhaduri
Keyword(s):  
Hedge Funds ◽  
Best Practice ◽  
Risk Measurement ◽  
Practical Applications

A Best Practice Protocol for the Risk Measurement of a Portfolio of Hedge Funds

2019 ◽  
Keyword(s):  
Hedge Funds ◽  
Best Practice ◽  
Market Risk ◽  
Active Participation ◽  
Risk Measurement ◽  
Good Level ◽  
Practice Approach ◽  
Asset Class ◽  
Illiquid Assets

The authors review, refine, and attempt to formalize the emerging best-practice approach for the measurement of the market risk of a multi-asset-class, multi-strategy, fund of hedge funds portfolio. The approach involves a good level of transparency from the manager and the active participation of an independent fund administrator, an independent risk aggregator, the investor, and the manager. The approach is increasingly being adopted in the industry but there are challenges, such as obtaining timely, granular, and verified transparency from managers. Although the discussions in this article are in the context of traditional hedge funds (i.e., those that invest in publicly listed securities), the authors suggest steps that could be taken so as to expand the protocol to include more nontraditional hedge funds, such as those that invest in illiquid assets and carry idiosyncratic risks. Many of the elements outlined in this article are already well known in the industry but are underutilized, perhaps as a result of a lack of awareness or understanding between manager and investor.

scholarly journals Issues Related to Late-Life Sexuality: Sex in Long-Term Care

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 602-602
Author(s):  
Rachael Spalding ◽  
Peter Lichtenberg
Keyword(s):  
Best Practice ◽  
Long Term Care ◽  
Social Stigma ◽  
Late Life ◽  
Assessment Tools ◽  
Geographical Differences ◽  
Term Care ◽  
Practical Applications ◽  
Ethical And Legal Issues

Abstract Despite surrounding social stigma and stereotypes of the “asexual older adult,” older adults, including those residing in long-term care facilities, indicate that expressing their sexuality continues to be important to them (Doll, 2013). This presentation will feature presentations regarding recent research and perspectives relevant to late-life sexuality with a focus on how issues of sexual expression may particularly emerge in long-term care settings. Dr. Maggie Syme will present findings from mixed-methods, consumer-based approaches that elucidate how current and future long-term care residents view late-life sexuality, with a focus on the practical applications of these findings to inform facility administration and policies. Ethical and legal issues surrounding sexuality in long-term care will be discussed by Dr. Pamela Teaster, who will present ethical models that can translate into potential best-practice recommendations and strategies. Rachael Spalding will discuss the paucity of psychometrically sound assessment tools for measuring attitudes towards late-life sexuality and discuss their development of such a measure. Finally, Dr. Lilanta Bradley and Dr. Pamela Payne-Foster will present a framework for sexual agency in late-life and identify relevant gaps in the literature regarding gender, ethnicity/race, and geographical differences. Ultimately, this presentation will offer a forum for lively discussion among attendees regarding these pertinent topics.

scholarly journals Welfare Issues on Israeli Dairy Farms: Attitudes and Awareness of Farm Workers and Veterinary Practitioners

Animals ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 294
Author(s):  
Sarah Weyl-Feinstein ◽  
Yaniv Lavon ◽  
Noa Yaffa Kan ◽  
Meytal Weiss-Bakal ◽  
Ayelet Shmueli ◽  
...  
Keyword(s):  
Social Structure ◽  
Milk Yield ◽  
Best Practice ◽  
Pain Perception ◽  
Dairy Farm ◽  
Farm Workers ◽  
Practical Applications ◽  
Stress Effects ◽  
Cow Welfare ◽  
Applied Knowledge

Attitudes toward practical dairy cow welfare issues were evaluated based on a questionnaire answered by 500 dairy farm workers and 27 veterinary practitioners. Primarily, the effect of demographic characteristics on attitudes toward cattle welfare was tested. Professionally, five themes were identified: effect of welfare awareness on productivity, knowledge of cattle’s senses and social structure, effects of man–animal interactions on milk yield, pain perception and prevention, and knowledge transfer from veterinary practitioners to farm workers. Farms with a higher welfare awareness score also had higher annual milk yield, with an annual mean difference of 1000 L of milk per cow between farms with higher and lower awareness scores. Veterinary practitioners showed high awareness of cows’ social structure, senses, and pain perception. Farm workers were aware of the influence of man–animal interactions during milking and stress effects on milk yield, and the possible effect of man’s behavior on heifers and cows. Practitioners and farm workers had different views regarding pain perception, mostly involving mutilation procedures. All veterinary practitioners advocated the use of pain alleviation in painful procedures, but only some of them instructed the farm workers to administer it. The survey results emphasize the variation in welfare knowledge and practical applications across farms, and the interest of both the animals and their managers to improve applied knowledge of best practice.

scholarly journals An Optimal Tail Selection in Risk Measurement

Risks ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 70
Author(s):  
Małgorzata Just ◽  
Krzysztof Echaust
Keyword(s):  
Mean Squared Error ◽  
Real Data ◽  
Random Variable ◽  
Threshold Level ◽  
Middle Part ◽  
Risk Measurement ◽  
Practical Applications ◽  
Tuning Parameters ◽  
Path Stability ◽  
Asymptotic Mean Squared Error

The appropriate choice of a threshold level, which separates the tails of the probability distribution of a random variable from its middle part, is considered to be a very complex and challenging task. This paper provides an empirical study on various methods of the optimal tail selection in risk measurement. The results indicate which method may be useful in practice for investors and financial and regulatory institutions. Some methods that perform well in simulation studies, based on theoretical distributions, may not perform well when real data are in use. We analyze twelve methods with different parameters for forty-eight world indices using returns from the period of 2000–Q1 2020 and four sub-periods. The research objective is to compare the methods and to identify those which can be recognized as useful in risk measurement. The results suggest that only four tail selection methods, i.e., the Path Stability algorithm, the minimization of the Asymptotic Mean Squared Error approach, the automated Eyeball method with carefully selected tuning parameters and the Hall single bootstrap procedure may be useful in practical applications.

Hedge Funds Risk Measurement in the Presence of Persistence Phenomena

2013 ◽  
Author(s):  
Mohamed A. Limam ◽  
Rachida Hennani ◽  
Michel Terraza
Keyword(s):  
Hedge Funds ◽  
Risk Measurement

RISK MEASUREMENT OF INVESTMENTS IN THE SATELLITE RING OF A CORE-SATELLITE PORTFOLIO: TRADITIONAL VERSUS ALTERNATIVE APPROACHES

2004 ◽  
Vol 49 (01) ◽  
pp. 105-130 ◽  
Author(s):  
HILARY TILL
Keyword(s):  
Hedge Funds ◽  
Measurement Techniques ◽  
Risk Measurement ◽  
Additional Risk ◽  
Economic Basis ◽  
Risk Framework ◽  
Alternative Approaches

This paper provides a risk framework for fiduciaries by considering using a core-satellite approach to investing. While the article mainly covers the additional risk measurement techniques, which are needed when investing in hedge funds, its recommendations are also relevant for other investments that have default, devaluation, and/or liquidity risks associated with them. Also, while the article's focus is on quantitative techniques, we note that a fiduciary must also understand the economic basis for each investment's returns.

scholarly journals Developing Guidelines for the Use of Passive Thermography on Cultural Heritage in Tropical Climates

2020 ◽  
Vol 10 (23) ◽  
pp. 8411
Author(s):  
Manogna Kavuru ◽  
Elisabetta Rosina
Keyword(s):  
Cultural Heritage ◽  
Infrared Thermography ◽  
Environmental Conditions ◽  
Best Practice ◽  
Historic Buildings ◽  
Thermal Camera ◽  
Practical Applications ◽  
Promising Tool ◽  
Practice Methods ◽  
Tropical Climates

Infrared thermography (IRT) has been a very successful tool for the diagnosis and monitoring of cultural heritage restoration projects. It has been used to identify anomalies, moisture issues, etc., in historic buildings. Although it is a promising tool, one of the limitations is that a method to deploy it onsite has not been standardized. This is due to the different variables that might affect thermal signatures captured by the thermal camera, when onsite. Especially since environmental conditions play a major role in thermography, the process must vary from region to region significantly. That said, efforts have been made over the years to establish some base standards for designated purposes of infrared thermography in the construction field. These standards and best practice methods, although comprehensive, do not effectively help with issues that are contextual to the location of the building, for instance, tropical climates, such as India. This paper aims to suggest guidelines for a passive approach of thermography, based on practical applications and procedures followed during the thermographic survey at the former British Residency in Hyderabad, India. Additionally, this paper explores the avenues through which region specific guidelines can be established.

Sign in / Sign up

Export Citation Format

Share Document