As conventional asset pricing models have been proven inappropriate to adequately explain hedge fund performance, this study proposes an innovative, flexible and efficient hedge fund multifactor model to explain dynamic risk and return properties of core hedge fund strategies. The proposed model...

The paper examines the financial statements and accounts of the twelve major Greek ports and proceeds to an empirical evaluation of the port entities' financial performance over a time span that corresponds to the sector's reorganization. Since the late 1990s the port sector in Greece has...