The importance of strategic allocation for traditional asset classes has been widely accepted.
However, its importance in hedge fund allocation is still a matter of debate and draws …

Market factors like high yield credit spreads, merger spreads, or Fama French factors—commonly
addressed as alternative beta factors—have been shown to significantly impact the …

Ein ganzheitlicher Ansatz für das Diversifikationsmanagement: Die Diversifikationsdelta-Strategie
angewandt auf nicht-normale Renditeverteilungen In der vorliegenden Studie …

Over the last 20 years the offshore hedge fund industry has evolved into a major player within
the financial markets. The number of offshore hedge funds grew tremendously before the …

Since the early 1970s, and especially after delivering strong and consistent returns during
major market dislocations (Gregoriou and Rouah [2004]), Commodity Trading Advisors (CTAs, …

This study examines various mechanisms for the linkage between financial integration and
business cycle synchronization. The present study advocates that changes in capital demand …

… The authors, Martin Florea (now at Cevian Capital), Stefan Florea (now at Morgan Stanley),
Iliya Kutsarov, Thomas Maier, and Marcus Storr (FERI Trust) also demonstrate … Iliya Kutsarov …

This study intends to collect and present all available information on seasonal and habitat
distribution of Odonata (dragonflies and damselflies) in the Bulgarian stretch of the Danube …

UHNWIs. Three key trends have been identified in the last two decades: Wealth has become
more concentrated, with the top 1% of UHNWIs now accounting for 20% of the entire net …

… Iliya Kutsarov is Senior Investment Manager, Hedge Funds for Feri Institutional Advisors
GmbH in Frankfurt. Iliya’s responsibilities include quantitative and qualitative analysis of single …