Wednesday, December 4, 2013

MoneyScience News

MoneyScience News

Blog Post: TheFinancialServicesClub: Things worth reading: 4th December 2013

Posted: 03 Dec 2013 10:25 PM PST

Things we're reading today include ...read more...

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Blog Post: TheAlephBlog: Book Review: Retirement GPS

Posted: 03 Dec 2013 09:38 PM PST

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Published / Preprint: Self-organization and phase transition in financial markets with multiple choices. (arXiv:1312.0690v1 [q-fin.TR])

Posted: 03 Dec 2013 05:38 PM PST

Market confidence is essential for successful investing. By incorporating multi-market into the evolutionary minority game, we investigate the effects of investor beliefs on the evolution of collective behaviors and asset prices. When there exists another investment opportunity, market confidence, including overconfidence and under-confidence, is not always good or bad for investment. The roles...

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Vendor News: December 3, 2013 - SS&C Technologies to Present at Bank of America Merrill Lynch Leveraged Finance Conference

Posted: 03 Dec 2013 06:10 AM PST

Published / Preprint: THE INCENTIVES OF HEDGE FUND FEES AND HIGHâWATER MARKS

Posted: 03 Dec 2013 03:59 AM PST

Abstract Hedge fund managers receive a large fraction of their funds' profits, paid when funds exceed their high‐water marks. We study the incentives of such performance fees. A manager with long‐horizon, constant investment opportunities and relative risk aversion, chooses a constant Merton portfolio. However, the effective risk aversion shrinks toward one in proportion to performance fees....

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Vendor News: Maxim returns to Fidessa

Posted: 03 Dec 2013 03:38 AM PST