We present an alternative to the Gaussian copula/base correlation model for valuing CDO
tranches. Instead of implying copula correlations from market prices we imply the copula …

Commodities represent today the fastest growing markets worldwide. Historically
misunderstood, generally under-studied and under-valued, certainly under-represented in …

Conducting the first direct tests for the cost of private transparency, the authors examined
whether a willingness to offer transparency to investors is beneficial or costly in terms of …

This article discusses and investigates the quality of hedge fund databases. The main goal
of this article is to increase awareness of the practical limitations of hedge fund data and …

EDHEC is one of the top five business schools in France. Its reputation is built on the high
quality of its faculty and the privileged relationship with professionals that the school has …

As is well known, hedge fund databases suffer from various types of serious biases. While
many of these biases have been addressed, the delisting bias is much more difficult to …

The impact of the global financial crisis since 2007 has been deep and broad, blanketing the
financial and economic landscape and hammering the hedge fund industry. Using both …

This article investigates the post-crisis preferences of hedge fund investors. The authors
show that after the 2008 crisis, when money again started to flow into hedge funds, investors …

This chapter provides an overview of financial risk management for alternative investments
(AI). These investment products differ from traditional investments, such as stocks, bonds …

The aim of the book is to provide practical guidance for the investor when compiling due
diligence and deciding on an investment or against it. The focus of the book lays on the risk …