Using a factor-analytic model that extracts common valuation information from the prices of
stocks that were not banned, we estimate that the ban on short-selling financial stocks …

Defining systematic risk management (SRM) skill as persistently low fund systematic risk,
we find evidence of time varying allocation of hedge fund management effort across the …

We develop an intensity-based model of municipal yields, making simultaneous use of the
credit default swap premiums of the insurers and both insured and uninsured municipal bond …

The paper constitutes a discussion of the rise of Peer to Peer loans as alternative investments.
Peer to Peer loans are being incorporated into portfolios in the interest of diversification. …

This paper examines the determinants of cross-sectional variation in post-merger mutual fund
performance. Mergers between funds with similar management objectives, as reflected by …

This paper surveys some economic principles required to understand the characteristics
and effects of flash orders and trading. We present the benefits and current controversies …

Short-sale bans have been frequently utilized globally as a regulatory tool during periods of
financial crisis. This paper is a review of the observed intended and unintended effects. We …

Valuation-indifferent weighting has gained significant interest as a strategy for creating
alternative indexes. The weighting scheme has empirical support for equities, investment-grade, …

Hedge fund managers preferentially seek to maintain low systematic risk across market states,
forgoing potential market timing opportunities, but do increase systematic risk in response …

We develop an intensity-based model of municipal yields with (and without) bond insurance,
making simultaneous use of the credit default swap (CDS) premiums of the insurers and …