.... Originality/value This paper contributes to the literature on liquidity management by asset managers by taking a holistic approach to examine funds liquidation practice at the portfolio holdings level. Considering the recent increase in market volatility, mutual fund liquidity management has drawn...

... Portfolio investment Risk management Assets management C22 C52 G11 G23 Holdings of mutual funds represent a sizeable share of portfolios of both institutional investors and households around the world (see e.g. Klapper et al., 2004). As shares of any fund are available...

... between two different tracking error series; and third, stock replacement operations due to, for example, index adjustments in the underlying benchmark. Financial markets Fund management Investment funds Assets management Over the past few years, exchange-traded funds (ETFs) have...

... allocation strategies? © Emerald Group Publishing Limited 2012 Individual behaviour Individual psychology Investments Assets management Behavioral finance Asset allocation Typically, a financial adviser takes 1 percent of assets under management – annually! – to balance a portfolio...

... are overall consistent with the results of Models 1 and 3. Flannery and James (1984a) document a similar finding. Interest rates Liability insurance Property Assets management Stock returns United States of America Understanding the extent of interest rate risk faced by publicly traded...

...) or, equivalently: (see equation 7) Enrico Moretto can be contacted at: enrico.moretto@uninsubria.it © Emerald Group Publishing Limited 2009 Assets management Leasing Pricing Profit Hedging Over time many of the problems concerning leasing contracts (i.e. the agreement between two parts...

... Publishing Limited 2009 Portfolio investment Variance Assets management Money markets The mean‐variance framework for portfolio selection, developed by Markowitz (1952) , continues to be the most popular method for portfolio construction. It is typically taught in finance courses...

... highlighted in the paper is the creation of new indices for different asset classes. Asset management companies are also advised to improve their disclosure in their annual reports to mitigate the issue of asymmetric information between fund managers and investors. Originality/value To the author's...

... in this issue by recognizing problems and suggesting ways for the authors to improve their articles. Real estate Assets management Investments This issue of Managerial Finance is dedicated to the study of real estate investments. Real estate accounts for approximately two‐thirds...

... of stocks and EREITs were 18.6 and 15.8 per cent, respectively. In all cases, the annualized standard deviations were less than the standard deviations based on annual returns. Assets management Real estate Returns Estimates of the means and standard deviations of security returns...

.... Originality/value Locates the origin of stock price momentum strategies in news about earnings reflected in analysts’ forecasts revisions. Assets management Financial forecasting Forecast revisions may seem an unlikely driver of an effective asset allocation strategy, given the wealth of evidence...

... Publishing Limited 2006 Pension funds Risk management Assets management Up to now, most countries that have undertaken a reform of their pension system have primarily focused on the accumulation phase and paid less attention to the decumulation phase. This is also true in the academic...

... on issues of importance in an increasingly concentrated and global FM industry. John Holland can be contacted at: J.B. Holland@accfin.gla.ac.uk © Emerald Group Publishing Limited 2006 Fund management United Kingdom Decision making Assets management Each case FM sought...

... Gabbi can be contacted at: gabbi@unisi.it © Emerald Group Publishing Limited 2006 Portfolio investment Modelling Assets management Financial risk estimation and analysis have evolved considerably over the last decades. In particular the evaluation and prediction of betas has become...