One of the most vexing problems in investment management is that diversification seems to
disappear when investors need it the most. We surmise that many investors still do not fully …

Critics of international diversification observe that it does not protect investors against short-
term market crashes because markets become more correlated during downturns. Although …

Persistent homology is the workhorse of modern topological data analysis, which in recent
years becomes increasingly powerful due to methodological and computing power …

This paper conducts a theoretical and empirical investigation of global portfolio
diversification for long-horizon investors in the presence of permanent cash flow shocks and …

A cutting-edge look at the endowment model of investing Many larger endowments and
foundations have adopted a broadly diversified asset allocation strategy with only a small …

The purpose of this article is to show a novel approach to automatically generating
probabilistic causal models (Bayesian networks [BNs]) by applying natural language …

That investors should diversify their portfolios is a core principle of modern finance. Yet there
are some periods in which diversification is undesirable. When the portfolio's main growth …

Abstract Garcia-Feijoo, Jensen, and Johnson evaluate the effectiveness of several asset
classes in the hedging of portfolio risk over the 1970-2010 period. Of the alternative assets …

This article seeks to extend classic investing, which is often limited to only domestic equities
or to a mix of equities and bonds, to a wider array of lower-correlation non-equity assets. The …

Portfolio management involves the management of client funds. Clients can be institutional
investors such as pension funds, sovereign or sub-government entities, or individual clients …