Indirect incentives exist in the money management industry when good current performance increases future inflows of new capital, leading to higher future fees. We quantify the magnitude of indirect performance incentives for hedge fund managers. Flows respond quickly and strongly to performance; lagged performance has a monotonically decreasing impact on flows as lags increase up to two years....

We describe and implement a symbolic algebra for scalar and vector-valued finite elements, enabling the computer generation of elements with tensor product structure on quadrilateral, hexahedral and triangular prismatic cells. The algebra is implemented as an extension to the domain-specific language UFL, the Unified Form Language. This allows users to construct many finite element spaces beyon...

The history-dependent behaviors of classical plasticity models are often driven by internal variables evolved according to phenomenological laws. difficulty interpret how these represent a history deformation, the lack direct measurement for calibration and validation, weak physical underpinning those laws have long been criticized as barriers creating realistic models. In this work, geometric ...

In this paper we present history-dependent automata (HD-automata in brief). They are an extension of ordinary automata that overcomes their limitations in dealing with history-dependent formalisms. In a history-dependent formalism the actions that a system can perform carry information generated in the past history of the system. The most interesting example is -calculus: channel names can be c...

Displacement finite element models of various beam theories have been developed using traditional finite element interpolations (i.e., Hermite cubic or equi-spaced Lagrange functions). Various finite element models of beams differ from each other in the choice of the interpolation functions used for the transverse deflection w, total rotation φ and/or shear strain γxz, or in the integral form u...

a non-linear finite element model could be a useful tool in the development of a method of predicting soil pressure-sinkage behaviour, and can be used to investigate and analyze soil compaction. this study was undertaken to emphasize that the finite element method (fem) is a proper technique to model soil pressure-sinkage behaviour. for this purpose, the finite element method was used to model ...

this article introduces a systematic study for computational aspects of classical wavelet transforms over finite fields using tools from computational harmonic analysis and also theoretical linear algebra. we present a concrete formulation for the frobenius norm of the classical wavelet transforms over finite fields. it is shown that each vector defined over a finite field can be represented as...

this article is based on a study done by professor fred weston. in this article the evolution of financial management concepts is explained . the history of financial ideas is presented in eight sections as follows: 1- an overview of central ideas of finance 2- historical review of the impact of economic developments on the content of the finance field. 3- the emergence of selected areas of fin...