A Passive-Aggressive Path to Harvesting Risk Premiums
Large, long-term investors can capture a variety of risk premiums at lower cost by shifting some investments from active management to passive benchmarks.
A White Hat for Private Equity?
A growing body of evidence suggests that when private equity enters an industry, growth and productivity follow.
Trading at Light Speed
A model provides a simple method for calculating the cost of latency, the delay between the decision and execution of a trade.
The Spirit of Glass-Steagall
David Beim examines the assumptions behind the proposed adaptation of a new Volcker Rule and offers a solution for a more appropriate return to the spirit of Glass-Steagall: focus on asset quality.
The Limits of Leverage
A new capital risk allocation model protects hedge funds when investors and prime brokers opt out.
Passing on a Bargain
While regulatory concerns and Wall Street’s modest rebound may have stopped banks from participating in the Treasury’s Capital Assistance Program, the program represented a great value for banks.
Liquidity in Three Dimensions
A new model reveals quantity to be as important a variable as price and time in investors’ optimal trading strategies.
Why Do the Chinese Save So Much?
From the Archive: A skewed sex ratio is fueling a highly competitive marriage market, driving up China’s savings rate and with it the global trade imbalance.
Keeping Up with the Joneses
How habit and peer influence affect the appetite for risk.