Arbitrage is exploiting price differences in different markets for the same asset. Speculation is investing based on anticipated future price movements, accepting risk.
Limits to arbitrageMispricingInvestor sentimentThe literature has provided mixed evidence on the relationship between cash holdings and average stock returns. We empirically verify that the relationship is positive and robust to the adjustment of risk, the construction of cash holdings portfolios, and the...
What drives hedge fund returns? : models of flows, autocorrelation, optimal size, limits to arbitrage and fund failures 来自 Citeseer 喜欢 0 阅读量: 30 作者:M Getmansky,JD Sterman,M Getmansky 摘要: Hedge funds provide an opportunity for investing with few government regulations and high ...
Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly. This anomaly may be partly explained by the fact that the typical institutional investor's mandate to beat a fixed benchmark discourages arbitrage activity... Baker,Malcolm,Bradley,... - 《Financial Analysts Journal》 被...
Sports governing bodies establish their sporting rules and regulations. Nevertheless, they confront a complex question concerning whether a female athlete
Of course, there’s no such thing as a free lunch. While arbitrage in crypto can be profitable, it comes with some not-so-smooth things to consider. One of the main challenges is transaction fees. When moving coins between exchanges, traders often have to pay fees for both the transaction...
3. Goldman Sachs, "ETFs: An Imperfect Hedge?", June 15, 2012 4. Morgan Stanley Smith Barney, "ETF Quarterly", May 31, 2012 TheStreet Daily Newsletter Sign up today for our free newsletter and you'll receive an exclusive report explaining hedge fund guru Doug Kass' winning investment style...
We were really trying to find what’s the real arbitrage opportunities that we have. Because everyone’s doing the same thing on Facebook. We found two things that were really compelling that worked for us after testing. One is, we found out that the medium is the most important source ...
Spread versus naked position: Unlike naked options strategies that expose traders to significant losses, the alligator spread typically limits risk by combining both long and short positions in multiple options. This structure helps cushion potential losses since each leg of the trade offsets the risks...
Modern econ-lingo calls this “the limits of arbitrage.” The classic example of these limits is the funding crisis of LTCM, a large hedge fund that nearly collapsed in 1998 when a number of leveraged “arbitrage” trades which were sure to pay off over time temporarily went in th...