Causality detection on US mutual fund movements using evolutionary subset time-series

In this paper we develop an evolutionary kernel-based time update algorithm to recursively estimate subset discrete lag models (including fullorder models) with a forgetting factor and a constant term, using the exactwindowed case. The algorithm applies to causality detection when the true relationship occurs with a continuous or a random delay. We then demonstrate the use of the proposed evolutionary algorithm to study the monthly mutual fund data, which come from the 'CRSP Survivor-bias free US Mutual Fund Database'. The results show that the NAV is an influential player on the international stage of global bond and stock markets.

Do socially responsible fund managers really invest differently?

To date, research into socially responsible investment (SRI), and in particular the socially responsible investment funds industry, has focused on whether investing in SRI assets has any differential impact on investor returns. Prior findings generally suggest that, on a risk-adjusted basis, there is no difference in performance between SRI and conventional funds. This result has led to questions about whether SRI funds are really any different from conventional funds. This paper examines whether the portfolio allocation across industry sectors and the stock-picking ability of SRI managers are different when compared to conventional fund managers. The study finds that SRI funds exhibit different industry betas consistent with different portfolio positions, but that these differences vary from year to year. It is also found that there is little difference in stock-picking ability between the two groups of fund managers.

An Information Model for Pension Fund Management

In this paper the issues of Ukrainian new three-level pension system are discussed. First, the paper presents the mathematical model that allows calculating the optimal size of contributions to the non-state pension fund. Next, the non-state pension fund chooses an Asset Management Company. To do so it is proposed to use an approach based on Kohonen networks to classify asset management companies that work in Ukrainian market. Further, when the asset management company is chosen, it receives the pension contributions of the participants of the non-pension fund. Asset Management Company has to invest these contributions profitably. This paper proposes an approach for choosing the most profitable investment project using decision trees. The new pension system has been lawfully ratified only four years ago and is still developing, that is why this paper is very important.

Digital Repository of Information and Knowledge - Fund “BellKnow”

The aim was to develop an archive containing detailed description of church bells. As an object of cultural heritage the bell has general properties such as geometric dimensions, weight, sound of each of the bells, the pitch of the tone as well as acoustical diagrams obtained using contemporary equipment. The audio, photo and video archive is developed by using advanced technologies for analysis, reservation and data protection.

Hospitality Research: How to Plan, Fund, Execute, and Publish

Researchers interested in exploring topics of concern to the hospitality industry can discover a wide range of areas to be explored and a variety of sources to fund the research. The authors discuss a four-step plan for conducting and publishing quality research, including tips for the writing process.

FIU Hispanic Scholarship Fund Event

Florida International University hosts an information session for the Hispanic Scholarship's Fund Steps for Success program. The program assists students and parents by providing workshops on financial aid and the college application process. January 21, 2012 at the Graham Center Ballroom, Modesto Maidique Campus, Florida International University

Risk factors of European non-listed real estate fund returns

Acknowledgements: We thank INREV (the European Association for Investors in Non-Listed Real Estate Vehicles) for funding a previous version of this research and providing non-listed fund data as well as very useful comments. This version is published as Delfim, J.-C. and Hoesli, M., 2015, Risk Factor Analysis of European Non-Listed Real Estate Funds, Amsterdam: INREV. The usual disclaimer applies. We also thank three anonymous reviewers and the guest editor, Graeme Newell, for insightful remarks.

Faunal evidence for a difference in clothing use between Neanderthals and early modern humans in Europe

MC is grateful to Karen Lupo and Brian Codding for the invitation to participate in the symposium honouring Jim O’Connell at the 2015 annual meeting of the Society for American Archaeology in San Francisco, and for the invitation to contribute to this special issue of the Journal of Anthropological Archaeology. We thank Conrad Brimacombe, Kate Britton, Keith Dobney, Mana Dembo, Marina Elliott, Ian Gilligan, Brian Hayden, Trenton Holliday, Vance Hutchinson, Steve Kuhn, Dana Lepofsky, Lee Lyman, Luseadra McKerracher, Kim Plomp, Bernard Wood, and an anonymous reviewer for their comments on earlier versions of this paper. Ian Gilligan’s comments in particular resulted in major changes to the interpretation of the results. MC is supported by the Social Sciences and Humanities Research Council of Canada, the Canada Research Chairs Program, the Canada Foundation for Innovation, the British Columbia Knowledge Development Fund, and Simon Fraser University. LT work on the study reported here was supported by the Social Sciences and Humanities Research Council of Canada (award no. 755-2011-0406). We are grateful to all these funding bodies. Last but not least, MC would like to express his gratitude to Jim O’Connell for his friendship and guidance over nearly 20 years. Thanks Jim. You’re the dog’s bollocks.