interest returns is relatively unexplored. Incorporating equity investments has the potential to increase expected annuity … payments at the expense of higher variability. We propose and assess a strategy for incorporating equity investments along with … to investment risk over time. We quantify the impact of pool size when equity investments are included, showing how these …

“The title of the book by Moshe Levy and Richard Roll is very apt indeed: Mutual Fund Selection: From Theory to … previous theory and offers a new approach for those concerned with future performance. I found the book to be excellent and … finance at the Hebrew University Business School. His research interests include portfolio theory, decision-making under …