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Estimation risk in financial risk management: a correction
Author(s): Daniel Giamouridis, Cass Business School
Topic: Investment and Risk Management Industry: Banking Type: Research Papers

Christoffersen and Goncalves (2005) study the effect of parameter estimation error in computing Value at Risk and Expected Shortfall through commonly used methods including the Cornish-Fisher/Gram-Charlier approximations approach.

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Updated: 02/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 72

Approximate basket option valuation for a simplified jump process
Author(s): Daniel Giamouridis, Cass Business School, Dimitris Flamouris, ABN Amro
Topic: Finance Industry: Banking Type: Research Papers

This paper proposes the use of a simplified jump process, namely the Bernoulli jump process, to develop approximate basket option valuation formulas.

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Updated: 02/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 74

Estimating implied PDFs from American options on futures: a new semi-parametric approach
Author(s): Daniel Giamouridis, Cass Business School, Dimitris Flamouris, ABN Amro
Topic: Finance Industry: Banking Type: Research Papers

This article develops a new methodology for estimating the risk neutral density implied by American type futures options. The methodology employed uses an Edgeworth series expansion parameterization for the probability distribution of asset returns.

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Updated: 05/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 57

Short-term persistence in Greek mutual fund performance
Author(s): Daniel Giamouridis, Cass Business School, Konstantinos Sakellariou, EFG MFMC S.A.
Topic: Investment and Risk Management Industry: Asset Management Type: Research Papers

This paper investigates the short-term performance of Greek mutual funds.

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Updated: 05/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 67

Hedge fund portfolio construction: a comparison of static and dynamic approaches
Author(s): Daniel Giamouridis, Cass Business School, Ioannis Vrontos, Athens University of Economics and Business
Topic: Investment and Risk Management Industry: Asset Management Type: Research Papers

This article studies the impact of modeling time varying covariances/correlations of hedge fund returns in terms of hedge fund portfolio construction and risk measurement.

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Updated: 05/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 68

Pages: 1 2 3 Next