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Concept

Mutual fund

Related publications (16)

International Portfolio Choice with Frictions: Evidence from Mutual Funds

Simon Tièche

Using data on international equity portfolio allocations by U.S. mutual funds, we estimate a portfolio expression derived from a standard mean-variance portfolio model extended with portfolio frictions. The optimal portfolio depends on the previous month a ...

OXFORD UNIV PRESS INC2023

Mutual information in changing environments: Nonlinear interactions, out-of-equilibrium systems, and continuously varying diffusivities

Daniel Maria Busiello, Giorgio Nicoletti

Biochemistry, ecology, and neuroscience are examples of prominent fields aiming at describing interacting systems that exhibit nontrivial couplings to complex, ever-changing environments. We have recently shown that linear interactions and a switching envi ...

AMER PHYSICAL SOC2022

Empirical Evidence on the Effectiveness of Shareholder Democracy

Maxime Thibault B Couvert

This thesis is composed of two essays that study the effectiveness of shareholder democracy. In the first essay, I analyze the firm value implications of shareholder-initiated proposals. I show that managerial resistance precludes half of shareholder-init ...

EPFL2021

I Am What I Pledge: The Importance of Value Alignment for Mobilizing Backers in Reward-Based Crowdfunding

Julia Katharina Binder

Crowdfunding has emerged as an important alternative financing tool for entrepreneurs. Extant research on the antecedents of crowdfunding success have produced divergent results. By applying the cross-disciplinary lens of strategic linguistic framing, that ...

2020

Analysing the Role of Social Visits on Migrants’ Social Capital: A Personal Network Approach

Emmanuel Pierre Jean Ravalet, Gil Viry

There are concerns that migrants may be embedded in far-flung networks with support being less collective. The spatial dispersion of their relatives and friends would result in fragmented networks with lower solidarity and lower mutual trust than densely c ...

2017

(De‑)Constructing Participation at the Science‑Policy Interface: A Critical Inquiry

Claudia Rebeca Binder Signer, Livia Bianca Fritz

This contribution puts the spotlight on participation of heterogeneous actors and diverse forms of expertise in knowledge production and its implications for governance of complex problems. With regard to tackling complex ‘global’ problems, multifaceted de ...

2017

The total benefit of alternative assets to pension fund portfolios

Anna Slavutskaya

Pension funds only quite recently have explored alternative assets, prodded by financial crises that devastated equity returns and led to low bond returns. We assess the addition of alternative assets to pension fund portfolios in terms of the total benefi ...

Elsevier Science Bv2016

Signaling and Self-regulation in Venture Capital : Evidence from Investments in the Clean Technology Sector

Giovanni Liotta

This thesis proposes three studies that provide novel empirical evidence on how different types of VCs' characteristics signal the quality of an entrepreneurial venture and influence investment strategies of funds subject to self-regulation. In the first s ...

EPFL2016

Capital Supply Uncertainty, Cash Holdings, and Investment

Semyon Malamud, Erwan Morellec, Julien Hugonnier

We develop a model of investment, financing, and cash management decisions in which investment is lumpy and firms face uncertainty regarding their ability to raise funds in the capital markets. We characterize optimal policies explicitly and show that the ...

2013

Institutional Investors and Mutual Fund Governance: Evidence from Retail-Institutional Fund Twins

Rüdiger Fahlenbrach

Advisors often manage multiple versions of a fund. These "twins" have the same manager and similar performance but are sold to different investors with differing abilities to select and monitor managers. Comparing investor flows in retail and institutional ...

Oxford University Press2012

Antonio Croci, Mendrisio 1823-1884 : Architetto fra tradizione e cultura cosmopolita

The architect Antonio Croci was born in Mendrisio on April 7th 1823. In 1837, he applies to the Brera Academy of Fine Arts in Milan where he studied ornament, architecture, aesthetics and perspective. Documents kept in the historical archive in Mendrisio w ...

EPFL2012

Mutual fund portfolio choice in the presence of dynamic ﬂows

Julien Hugonnier

We analyze the implications of dynamic flows on a mutual fund's portfolio decisions. In our model, myopic investors dynamically allocate capital between a riskless asset and an actively managed fund which charges fraction-of-fund fees. The presence of dyna ...

2010

Mutual fund competition in the presence of dynamic flows

Julien Hugonnier

This paper analyzes competition between mutual funds in a multiple funds version of the model of Hugonnier and Kaniel (2010). We characterize the set of equilibria for this portfolio management game and show that there exists a unique Pareto optimal equili ...

2010

Real estate issues : portfolio diversification, pricing and time-on-market

This thesis discusses the difficulties of pricing real estate by using the existing financial economic theory and investigates an alternative approach in order to take into account the 'unique' nature of real estate risk. It consists of three essays placin ...

EPFL2009

Boosting the Electricity Sector in West Africa: an Integrative Vision

Edgard Gnansounou

To improve peoples’ living conditions, Western African countries need to considerably reinforce their electricity supply infrastructures. Retrofitting the existing installations and constructing new generation and transmission facilities require significan ...

2008

Spreading of correlations and entanglement after a quench in the one-dimensional Bose-Hubbard model

We investigate the spreading of information in a one-dimensional Bose-Hubbard system after a sudden parameter change. In particular, we study the time evolution of correlations and entanglement following a quench. The investigated quantities show a light-c ...

2008