From an investor's point of view, the appropriate selection a fund is important issue. When making such choice, many elements should be considered. These include not only fund's rate return or its risk, but also comparison results with benchmark. The aim research was to apply principal component analysis (PCA) reduce dimension indicators that help investor in selecting fund. subject study 15 eq...

To estimate the premium an investor should expect from extended hedge fund lockups, Derman et al. (2009) proposed a three-state discrete-time Markov Chain to model the state of a hedge fund, allowing the state to change randomly among the states “good,” “sick” and “dead” every year. The lockup premium measures the consequence of being stuck with a sick fund. To be more realistic, we propose an ...

T he consequences of the decisions and policies taken for the reconstruction of Afghanistan during the past decade, showed that there should be paid more attention to the monetary policies. There is also a question that whether monetary policies have the potential to affect the production and inflation in Afghanistan or not. The aim of this paper is to explore this effect by designin...

Insurance products become increasingly more innovative in order to face competitive pressures. Insurance policies today come with guarantees on the minimum rate of return, bonus provisions, and surrender options. These features make them attractive for investors who seek not only insurance but also investment vehicles. However, the new policies are much more complex to price and fund than tradi...