Our study highlights the NFT rarity as a key determinant of price premium in the cross-
section. Moreover, well-connected investors, who establish their central positions in the NFT …

A fully revised second edition of the best guide to high-frequency trading High-frequency
trading is a difficult, but profitable, endeavor that can generate stable profits in various …

Numerous measures have been proposed to gauge the performance of active management.
Unfortunately, these measures can be gamed. Our article shows that gaming can have a …

Performance measurement is one of the most studied subjects in financial literature. Since
the introduction of the Sharpe ratio in 1966, a large variety of new measures has appeared …

The Sharpe ratio is adequate for evaluating investment funds when the returns of those
funds are normally distributed and the investor intends to place all his risky assets into just …

Purpose–The purpose of this paper is to systematically consolidate and analyze papers in
behavioral finance in the past 20 years, and to provide an overall introduction to scholars …

A practitioner's guide to the role and implications of performance measurement and
attribution analysis in asset management firms Practical Portfolio Performance Measurement …

" An excellent and comprehensive source of information on hedge funds! From a quantitative
view Lhabitant has done it once again by meticulously looking at the important topics in the …

A comprehensive guide to the burgeoning hedge fund industry Intended as a
comprehensive reference for investors and fund and portfolio managers, Handbook of …

A frequent comment is that investment funds with a nonnormal return distribution cannot be
adequately evaluated by using the classic Sharpe ratio. Research on hedge fund data that …