1.

Record Nr.

UNINA9910457150503321

Autore

Lo Andrew W (Andrew Wen-Chuan)

Titolo

Hedge funds [[electronic resource] ] : an analytic perspective / / Andrew W. Lo

Pubbl/distr/stampa

Princeton, N.J., : Princeton University Press, 2010

ISBN

1-282-63952-8

9786612639524

1-4008-3581-X

Edizione

[Rev. and expanded ed.]

Descrizione fisica

1 online resource (388 p.)

Collana

Advances in financial engineering

Classificazione

QK 530

Disciplina

332.64524

Soggetti

Mutual funds

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references (p. [341]-354) and index.

Nota di contenuto

Frontmatter -- Contents -- Tables -- Figures -- Color Plates -- Acknowledgments -- 1 Introduction -- 2 BasicPropertiesof Hedge Fund Returns -- 3. Serial Correlation, Smoothed Returns, and Illiquidity -- 4 Optimal Liquidity -- 5 Hedge Fund Beta Replication -- 6 A New Measure of Active Investment Management -- 7 Hedge Funds and Systemic Risk -- 8 An Integrated Hedge Fund Investment Process -- 9 Practical Considerations -- 10 What Happened to the Quants in August 2007? -- 11 Jumping the Gates -- Appendix -- References -- Index

Sommario/riassunto

The hedge fund industry has grown dramatically over the last two decades, with more than eight thousand funds now controlling close to two trillion dollars. Originally intended for the wealthy, these private investments have now attracted a much broader following that includes pension funds and retail investors. Because hedge funds are largely unregulated and shrouded in secrecy, they have developed a mystique and allure that can beguile even the most experienced investor. In Hedge Funds, Andrew Lo--one of the world's most respected financial economists--addresses the pressing need for a systematic framework for managing hedge fund investments. Arguing that hedge funds have very different risk and return characteristics than traditional investments, Lo constructs new tools for analyzing their dynamics,



including measures of illiquidity exposure and performance smoothing, linear and nonlinear risk models that capture alternative betas, econometric models of hedge fund failure rates, and integrated investment processes for alternative investments. In a new chapter, he looks at how the strategies for and regulation of hedge funds have changed in the aftermath of the financial crisis.

2.

Record Nr.

UNINA9910299980603321

Titolo

Optimization with PDE Constraints : ESF Networking Program 'OPTPDE' / / edited by Ronald Hoppe

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2014

ISBN

3-319-08025-3

Edizione

[1st ed. 2014.]

Descrizione fisica

1 online resource (422 p.)

Collana

Lecture Notes in Computational Science and Engineering, , 1439-7358 ; ; 101

Disciplina

004

330.015196

510

519

Soggetti

Computer science - Mathematics

Applied mathematics

Engineering mathematics

Mathematical optimization

Mathematical physics

Physics

Computational Science and Engineering

Mathematical and Computational Engineering

Optimization

Mathematical Applications in the Physical Sciences

Numerical and Computational Physics, Simulation

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.



Nota di contenuto

Solution of 2D Contact Shape Optimization Problems -- Phase Field Methods for Binary Recovery -- Programming with Separable Ellipsoidal Constraints -- Adaptive Finite Elements for Optimally Controlled Elliptic Variational Inequalities -- Topology Design of Elastic Structures for a Contact Model -- Bisection Methods for Mesh Generation -- Differentiability of Energy Functionals for Unilateral Problems in Domains -- Two-Sided Guaranteed Estimates of the Cost Functional for Optimal Control Problems with Elliptic State Equations -- Sensitivity Analysis of Work Functional for Compressible Navier-Stokes Equations -- Exact Controllability to Trajectories for Navier-Stokes Equations.

Sommario/riassunto

This book on PDE Constrained Optimization contains contributions on the mathematical analysis and numerical solution of constrained optimal control and optimization problems where a partial differential equation (PDE) or a system of PDEs appears as an essential part of the constraints. The appropriate treatment of such problems requires a fundamental understanding of the subtle interplay between optimization in function spaces and numerical discretization techniques and relies on advanced methodologies from the theory of PDEs and numerical analysis as well as scientific computing. The contributions reflect the work of the European Science Foundation Networking Programme ’Optimization with PDEs’ (OPTPDE).