Banks as patient fixed-income investors

Fixed Income The Risk in Fixed - Income Hedge Fund Styles

We acknowledge the LBS Centre for Hedge Fund Research and Education for providing the hedge fund data used in this paper. Earlier versions of this paper were presented at Abstract This paper studies the risk in fixed-income hedge fund styles. Principal component analysis is applied to groups of fixed-income hedge funds to extract common sources of risk and return. These common sources of risk a...

Fixed Income Pricing

are grateful to Len Umantsev and Mariusz Rabus for research assistance; to Len Umantsev for comments and suggestions; and for financial support from the Fi

Fixed-analysis adaptive-synthesis filter banks

Institutional Investors As Owners Conference

The terms of the Fellowship require that I organize a conference related in someway to ethics and business leadership, a rather broad and open-ended mandate. I think the importance of corporate governance in American public companies is clearly related to ethics and business leadership. And I would also say that the complex and rapidly evolving role of institutional owners will see a great deal...

Risk-Adjusted Income: A Prescription for Yield-Starved Investors

Many investors seek income for its consistency and ability to dampen volatility. High-quality fixed income securities historically provided investors with a reasonable income stream, but since the 2008 financial crisis, global economic conditions and central bank policies have caused yields to fall to historic lows. To realize even modest income levels, investors may need to consider assuming m...