We show that if a distribution is locally spanned by Lipschitz vector fields and is involutive a.e., then it is uniquely integrable giving rise to a Lipschitz foliation with leaves of class C1,Lip. As a consequence, we show that every codimension-one Anosov flow on a compact manifold of dimension > 3 such that the sum of its strong distributions is Lipschitz, admits a global cross section. The ...

In this paper, I build a model where financial intermediation slows the flow of capital. Investors optimally learn from intermediary performance to allocate capital toward profitable intermediaries. Intermediaries reach for yield, i.e invest in high tail risk assets, in an attempt to drive flows and reduce liquidation risk. Reaching for yield is stronger among intermediaries with weak opportuni...

When assessing a fund manager’s skill, sophisticated investors will consider all factors (priced and unpriced) that explain cross-sectional variation in fund performance. We investigate which factors investors attend to by analyzing mutual fund flows as a function of recent returns. Investors attend most to market risk (beta), but treat returns attributable to size, value, momentum, and industr...

Analyzing the vortex-induced vibration of a slender marine structure withlength to diameter ratio up to 200 is the objective of this study. This slender is free to move in both in-line and cross flow directions and immersed completely in water. Three different types of shear currents pass on it and cause to vibrate slender in different forms. Nowadays, these vibrations are very important for de...

Numerical simulation has been performed by solving full Navier–Stokes equations governing the three-dimensional unsteady compressible flows. The main goal of the present work is to investigate the flow characteristics of a square jet issuing transversally into a cross-flow at three injection angles of 90°, 60° and 30°, and thus to provide some deeper insights into the physical flow mechanism go...