Working Papers

A few Risk topics requiring more in-depth analysis are subject to separate working papers in the below Section. 

Estimating Profitability of Future Investments: Highlights and Challenges

Maximising Wealth in Unpredictable and Irrational Financial


Leverage and Exposures under the AIFM Directive

Understanding and Defining Liquidity Risk

Arithmetic Returns vs. Logarithmic Returns

Risk Management in Mutual Funds 

Modelling a Custom Index: A Selection of Technical and Strategic Considerations

Picking the Right Risk-Adjusted Performance Metric

Extracting Liquidity Risk from Cross-Sectional Returns

Positive Gamma vs. Positive Convexity: A Same Interpretation?