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Private equity investment in technologies which deliver low carbon energy has grown as an area of both economic and social performance. This article offers a perspective on some of the challenges in the industry. It relies on case studies drawn...
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Curriculum
 | The new CAIA Knowledge Series: a comprehensive collection of texts written specifically for the CAIA program. |
Recent Resources
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The author shows that private equity transactions 1) illustrate market-driven reactions to inefficient equity markets that result from the diffusion of equity ownership in the public firm and 2) form part of a larger market trend toward the market-...
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In a study of 1,322 private-to-private transactions the author finds support for the hypothesis that private equity (PE) firms play an important role as market makers. A number of empirical results support this claim. First, part of what PE firms do...
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The 2008 economic crisis has offered another look at how emerging-market stocks have behaved relative to developed markets. In the aftermath of the crisis, the authors of this article take a fresh look at emerging markets to explore these questions...
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Journal of Alternative Investments. 2010.Vol. 13, no. 2.Previous researchers have argued that there is no empirical evidence in support of contagion between equity markets and hedge funds. Unlike previous researchers, the authors of this article assess whether extreme increases in volatility transmit...
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Journal of Alternative Investments. 2010.Vol. 13, no. 2.This article empirically investigates the diversification effects on a traditional portfolio by introducing alternative investments (hedge funds, managed futures, real estate, private equities, and commodities). The authors analyze two portfolios:...
Journal of Alternative Investments
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Infrastructure is regularly considered a natural hedge against inflation due to its monopolistic pricing power, the favorable regulatory regimes, and the limited operating cost exposure. In contrast to this often cited yet not empirically...
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Shipping, although a crucial component of the transportation of commodities worldwide, is hardly present in the finance literature at this point. The first and foremost goal of this article is to describe and explain from an economic perspective the...
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In this article, the authors design a new trading strategy by using cointegration as a measure of long-term dependencies. They show that the theoretical expected return of this strategy is always positive and illustrate it with four exchange traded...
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This article introduces the concept of asymmetric hedge fund replication based on the risk factor model approach. The presented methodology is founded on downside risk management and offers an enhancement of existing hedge fund replication...
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Hedge funds are frequently blamed for increasing volatility and illiquidity in financial markets. The author investigates the validity of this hypothesis by modeling the joint dynamics of hedge fund returns and volatility as well as illiquidity in...