Dr. Drago Indjic considers the maturation of hedge funds and funds of hedge funds (FoHF). FoHF now represent over one-third of total hedge fund assets and are the preferred vehicle for most institutional and retail investors to gain hedge fund exposure due to perceived safety. However, FoHF often fail to be designed and managed as proper investment portfolios, exhibiting biases in portfolio construction and strategy selection. Determining the best FoHF involves addressing numerous questions around strategy diversification, leverage, liquidity, and fees.
Jumpstart: The Guide To Growing A Startup With Inbound MarketingHubSpot
Jumpstart your startup with inbound marketing. A simple guide for entrepreneurs that want to grow their business using SEO, blogging and social media. From the makers of the original #CultureCode deck
This document provides an overview of the hedge fund industry, including its principles, performance, size, business characteristics, and data. It discusses hedge funds as a commodity or product offered by private businesses for discerning clients. While the industry has grown significantly since the 2008 financial crisis, most hedge funds remain small businesses owned by their managers. Data on hedge fund performance and strategies is often limited due to self-reporting. The document concludes by emphasizing that hedge funds can help investors stay wealthy during economic downturns by providing unique risk premia not available through traditional index funds or ETFs.
This document provides an overview of the topics covered in a Fintech course. The syllabus includes digital transformation of financial services, regulation, identity, payments technology, blockchain, wealth technology, and innovation. It also discusses recent issues in cryptocurrency markets and reviews concepts like un-banking, decentralization, privacy, and the evolution of Bitcoin and Ethereum. Examples and short demonstrations are provided to help explain technical concepts in blockchain and consensus protocols.
Dr. Drago Indjic considers the maturation of hedge funds and funds of hedge funds (FoHF). FoHF now represent over one-third of total hedge fund assets and are the preferred vehicle for most institutional and retail investors to gain hedge fund exposure due to perceived safety. However, FoHF often fail to be designed and managed as proper investment portfolios, exhibiting biases in portfolio construction and strategy selection. Determining the best FoHF involves addressing numerous questions around strategy diversification, leverage, liquidity, and fees.
Jumpstart: The Guide To Growing A Startup With Inbound MarketingHubSpot
Jumpstart your startup with inbound marketing. A simple guide for entrepreneurs that want to grow their business using SEO, blogging and social media. From the makers of the original #CultureCode deck
This document provides an overview of the hedge fund industry, including its principles, performance, size, business characteristics, and data. It discusses hedge funds as a commodity or product offered by private businesses for discerning clients. While the industry has grown significantly since the 2008 financial crisis, most hedge funds remain small businesses owned by their managers. Data on hedge fund performance and strategies is often limited due to self-reporting. The document concludes by emphasizing that hedge funds can help investors stay wealthy during economic downturns by providing unique risk premia not available through traditional index funds or ETFs.
This document provides an overview of the topics covered in a Fintech course. The syllabus includes digital transformation of financial services, regulation, identity, payments technology, blockchain, wealth technology, and innovation. It also discusses recent issues in cryptocurrency markets and reviews concepts like un-banking, decentralization, privacy, and the evolution of Bitcoin and Ethereum. Examples and short demonstrations are provided to help explain technical concepts in blockchain and consensus protocols.
Module 7 Wealthtech of the very popular fintech elective at the Queen Mary University London. The course was very popular, attracting over 200 Chinese and international students.
This document provides a summary of the fintech module for week 4. It reminds students that the module is half completed and slides will be made available online. It notes that the next week is a reading week and module 4 will be on November 16th. The syllabus topics for the module are then listed, including digital identity, regulation, and payments technologies. Key points about identity emphasize the development of digital identity standards and the role of identity as a banking business model. Authentication methods and post-authentication identity management are discussed. The document also covers privacy issues and the relationship between legaltech and social credit systems.
This document provides a summary of the topics that will be covered in the Fintech module over 8 weeks. It discusses regulation of financial services and open banking in the UK and EU. It also covers starting a regulated financial startup in the UK, including the authorization process with the FCA and initial costs. Alternative finance such as crowdfunding is defined and different models are discussed.
This document provides an overview of a fintech module being taught at QMUL. It includes:
- Housekeeping details like academic norms, recording lectures, and submitting questions.
- An exercise where students rank and rate money apps they use, with results to be shared after a break.
- An outline of the fintech module syllabus covering topics like digital transformation, regulation, payments, and blockchain.
- Plans for student assessment including optional short essays, app reviews, or topic papers with annotated bibliographies.
- Discussion of teaching methods including guest founders, networking meetups, and adapting the syllabus over time based on current fintech news and issues.
Funds of hedge funds failed to deliver value to investors and demonstrated dangerous redemption risks. FoHF managers ran large liquidity mismatches and did not address warnings about this risk. When hedge fund performance declined and redemptions increased in late 2008, the liquidity mismatch led to a crisis. Research on accurately modeling redemption terms and liquidity risks in FoHFs could have helped prevent this.
From institutional investments to direct retail investmentsDrago Indjic
This document provides an overview of Dr. Drago Indjic's research interests and experience in quantitative finance and fintech. Some key points:
1. Dr. Indjic has over 25 years of experience in quantitative finance, asset management, and empirical analysis of ETFs and alternative beta strategies.
2. More recently, his research has focused on fintech applications, including developing digital investment agents to provide suitability, risk profiling, and life goals-based portfolio management.
3. He teaches courses on hedge funds, quantitative finance, fintech, and supervises MSc/PhD students researching investment engines, portfolio modeling, and new fintech business models.
Digital Wealth Product Design discusses the shift towards digital investment advisors and personal investment solutions. It notes the demand for help managing the thousands of investment products and high costs of customer acquisition. It also discusses how digital advisors can provide low-cost, personalized investment advice and portfolios through techniques like risk profiling, periodic rebalancing, and using ETFs and other low-cost products. The document advocates for digital advisors to provide transparent, engaging investment experiences while controlling risks.
Digital (Robo) Investment using Exchange Traded FundsDrago Indjic
An invited talk to undergraduates taking Portfolio Theory at University of Belgrade, 13 May 2016 based on lecture given at Judge Business School, Cambridge two weeks earlier. A brief introduction to "robo" investment advisory foundations using ETFmatic as a case study.
Machine learning: from active experiments to intelligent teachingDrago Indjic
This document discusses techniques for hedging predictions in machine learning models. It focuses on controlling similarity between a student model and teacher model to allow knowledge transfer while preventing exact replication. The goal is to leverage a teacher's expertise to help a student learn new concepts and tasks, but in a way that still allows the student to develop its own strengths.
AIMA 2003 Hedge Fund Strategy Classification InitiativeDrago Indjic
In 2002 AIMA (www.aima.org) initiated an attempt to standardise hedge fund strategy classifications. The initiative did not receive research funding, an interim expert report was presented in September 2003.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
Module 7 Wealthtech of the very popular fintech elective at the Queen Mary University London. The course was very popular, attracting over 200 Chinese and international students.
This document provides a summary of the fintech module for week 4. It reminds students that the module is half completed and slides will be made available online. It notes that the next week is a reading week and module 4 will be on November 16th. The syllabus topics for the module are then listed, including digital identity, regulation, and payments technologies. Key points about identity emphasize the development of digital identity standards and the role of identity as a banking business model. Authentication methods and post-authentication identity management are discussed. The document also covers privacy issues and the relationship between legaltech and social credit systems.
This document provides a summary of the topics that will be covered in the Fintech module over 8 weeks. It discusses regulation of financial services and open banking in the UK and EU. It also covers starting a regulated financial startup in the UK, including the authorization process with the FCA and initial costs. Alternative finance such as crowdfunding is defined and different models are discussed.
This document provides an overview of a fintech module being taught at QMUL. It includes:
- Housekeeping details like academic norms, recording lectures, and submitting questions.
- An exercise where students rank and rate money apps they use, with results to be shared after a break.
- An outline of the fintech module syllabus covering topics like digital transformation, regulation, payments, and blockchain.
- Plans for student assessment including optional short essays, app reviews, or topic papers with annotated bibliographies.
- Discussion of teaching methods including guest founders, networking meetups, and adapting the syllabus over time based on current fintech news and issues.
Funds of hedge funds failed to deliver value to investors and demonstrated dangerous redemption risks. FoHF managers ran large liquidity mismatches and did not address warnings about this risk. When hedge fund performance declined and redemptions increased in late 2008, the liquidity mismatch led to a crisis. Research on accurately modeling redemption terms and liquidity risks in FoHFs could have helped prevent this.
From institutional investments to direct retail investmentsDrago Indjic
This document provides an overview of Dr. Drago Indjic's research interests and experience in quantitative finance and fintech. Some key points:
1. Dr. Indjic has over 25 years of experience in quantitative finance, asset management, and empirical analysis of ETFs and alternative beta strategies.
2. More recently, his research has focused on fintech applications, including developing digital investment agents to provide suitability, risk profiling, and life goals-based portfolio management.
3. He teaches courses on hedge funds, quantitative finance, fintech, and supervises MSc/PhD students researching investment engines, portfolio modeling, and new fintech business models.
Digital Wealth Product Design discusses the shift towards digital investment advisors and personal investment solutions. It notes the demand for help managing the thousands of investment products and high costs of customer acquisition. It also discusses how digital advisors can provide low-cost, personalized investment advice and portfolios through techniques like risk profiling, periodic rebalancing, and using ETFs and other low-cost products. The document advocates for digital advisors to provide transparent, engaging investment experiences while controlling risks.
Digital (Robo) Investment using Exchange Traded FundsDrago Indjic
An invited talk to undergraduates taking Portfolio Theory at University of Belgrade, 13 May 2016 based on lecture given at Judge Business School, Cambridge two weeks earlier. A brief introduction to "robo" investment advisory foundations using ETFmatic as a case study.
Machine learning: from active experiments to intelligent teachingDrago Indjic
This document discusses techniques for hedging predictions in machine learning models. It focuses on controlling similarity between a student model and teacher model to allow knowledge transfer while preventing exact replication. The goal is to leverage a teacher's expertise to help a student learn new concepts and tasks, but in a way that still allows the student to develop its own strengths.
AIMA 2003 Hedge Fund Strategy Classification InitiativeDrago Indjic
In 2002 AIMA (www.aima.org) initiated an attempt to standardise hedge fund strategy classifications. The initiative did not receive research funding, an interim expert report was presented in September 2003.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
Sept 2008 Invite for CFA Seminar on Hedge Fund Risks
1. Alternative Assets –
How Risky are Hedge Funds and Private Equity in the Current Climate?
Tuesday 30 September 2008
The venue is generously sponsored by
At a time of extreme stock market turmoil are hedge funds and private equity continuing to
show defensive performances? How do you identify and quantify their risk characteristics
while mitigating risk and maximising future returns? Two experts on alternative asset risk and
return characteristics will consider risk and reward issues in private equity and hedge funds,
including the risk of loss, liquidity risk, benefits of diversification and the role of funds of funds.
18:00 pm Registration
Tea and coffee will be served
Chairman: David Porter, ASIP, Managing Partner, Apposite Capital
18:20 pm Alternative Assets –
How Risky are Hedge Funds and Private Equity in the Current Climate?
Dr Drago Indjic, Project Manager,
BNP Paribas Hedge Fund Centre, London Business School
Year-to-date all broad hedge fund indices indicate a single-digit
losses but other types of risks are more difficult to decipher from hedge
fund databases. Vendor-dependent hedge fund strategy definitions
are source of confusion in market surveys and performance analysis
but even more dangerous is increasing inaccuracy in capturing
hedge fund liquidity terms. At least 40% of industry assets are
distributed through funds of funds exhibiting lack of liquidity, capacity
and hedging. Layered product fees consume up to a half of gross
returns and liquidity has decreased to the point where products
become almost passive, locked-up in exposures to the systematic risk
factors for many quarters. Can unbundling of Alpha and Beta
exposure improve situation for end investors?
Christophe Rouvinez, Head of Investment Solutions,
Horizon21 Private Equity
19:30 pm Questions and Answers Session
19:45pm Close of meeting
Followed by a drinks reception