Many recent papers have documented the existence of periodicities in returns, return volatility, bid-ask spreads and trading volume, in both equity and foreign exchange markets. In this paper, we propose and employ a new test for detecting subtle periodicities in financial markets based on a...

With institutional investors increasingly involved in alternative investments, portfolio optimisation within a large universe of hedge funds has become a key area for research. This paper develops a portfolio construction model that is specifically designed for funds of hedge funds,...

Purpose – This study aims to examine the relationship of the Islamic work ethic (IWE) and individualism among a large sample of supervisors working in Egypt, replicating earlier work by Ali (2005, 1987). Design/methodology/approach –Data were collected from 484 male and female supervisors...