Socially responsible investing identifies the fiduciary duty and liability for financial advisors
serving individual and institutional clients when consulting in the SRI space. This article first …

In this study, we consider two methods of returns-based style analysis (RBSA) for
classification of investment styles for a single asset class, US Diversified Equity Funds. We …

Because returns have a substantial random element, investment philosophy analysis is a
critical component of evaluating an investment manager. Despite this, most investment …

Despite institutional investors' growing interest in funds of hedge funds, little attention has
been paid so far to their added value and/or the sources of their added value. This is all the …

INTRODUCTION he Oxford English Dictionary deines a benchmark as “a standard or point
of reference against which things may be compared.” In an investments context, a …

The process of risk management for institutional investors faces two challenges. First, since
most institutions are decentralized as opposed to being direct investors in assets, it is difficult …

Financial indices are playing an increasingly important role. Trillions of euros of assets
under management of financial products are linked to them, and this continues to rise. They …

Pension fund consultants and financial planners advise institutional and retail clients
respectively on the most appropriate longterm asset allocation mix. These intermediaries …

This thesis is a collection of essays that explore current theory and practice in respect of
benchmarks for alternative asset classes. A benchmark is required in order to measure and …

A benchmark is clearly necessary for assessing the skills of a manager. It also plays an
important role in defining the sponsor's investment universe and risk tolerance. The choice …