In this article, the authors suggest Bayesian-style adaptive enhancement to a popular equal
risk contribution (ERC) portfolio construction technique they call adaptive optimal risk …

The purpose of this chapter is to critically evaluate the methods used to examine hedge fund
performance, review and synthesize studies that attempt to explain the inconsistencies …

Markowitz (1952) and Sharpe (1991), dictates that constructing a portfolio of assets involves
taking views on the future risks, returns, and correlation characteristics of those assets. In …