The Assessment and Selection of Hedge Funds

Joaquín López Pascual. (2015).  Chapter 10. "The Assessment and Selection of Hedge Funds", in Advanced Business Analytics. Ed. Springer, pp 195-210.
 
 
The following Chapter intends to be a small guide to investing in hedge funds or a guide to take into account when trying to understand the complexities of investing in hedge funds. We aim to give a general overview of the field of alternative investments and to introduce its complexities, because investing in hedge funds is not at all a very simple task.


In this Chapter, we assess the challenges of analysing and selecting hedge funds. Alternative investment vehicles have taken an important role not only in the diversification of portfolios but also as standalone investments. Capturing the entire risk dimensions implied in hedge fund investment strategies is paramount in understanding alternative investments. We also analyse the problem of the lack of benchmarks. Should the performance of a hedge fund follow a benchmark? As absolute return vehicles, alternative investment organizations should not be benchmarked. However, investors need to compare returns with other assets in order to properly assess the cost of opportunity implied in hedge fund investing. We consider also benchmarking among peers as a new and latest strategy.
 


Evolución y análisis de la financiación de la PYME en España

Joaquín López Pascual (2014). "Evolución y análisis de la financiación de la PYME en España", en Revista de Economía ICE. Nº879. Ed. Ministerio de Economía y Competitividad,  pags. 113-124.

Aportación desde el ámbito académico de Joaquín López Pascual como Profesor Titular de Economía Financiera y Contabilidad de la Universidad Rey Juan Carlos de Madrid. En su artículo hace un repaso desde el punto de vista teórico de todas las alternativas de financiación de que disponen las pymes y analiza la evolución que han tenido todas ellas en los últimos años.  

 

Ver articulo en apartado "otros" de esta web


 


Restructuring bank networks after mergers and acquisitions: A capacitated delocation model for closing and resizing branches

Joaquín López Pascual, Diego Ruiz-Hernández, David Delgado-Gómez (2014) have collaborated on a new research article. "Restructuring bank networks after mergers and acquisitions: A capacitated delocation model for closing and resizing branches" in "Computers & Operations Research". 
 
 
During restructuring processes, due to mergers and acquisitions, banks frequently face the problem of having redundant branches competing in the same market. In this work, we introduce a new Capacitated Branch Restructuring Model which extends the available literature in delocation models. It considers both closing down and long term operations? costs, and addresses the problem of resizing open branches in order to maintain a constant service level. We consider, as well, the presence of competitors and allow for ceding market share whenever the restructuring costs are prohibitively expensive.
 
We test our model in a real life scenario, obtaining a reduction of about 40% of the network size, and annual savings over 45% in operation costs from the second year on. We finally perform a sensitivity analysis on critical parameters. This analysis shows that the final design of the network depends on certain strategic decisions concerning the redundancy of the branches, as well as their proximity to the demand nodes and to the competitor?s branches. At the same time, this design is quite robust to changes in the parameters associated with the adjustments on service capacity and with the market reaction.

The Investment in Hedge Funds as an Alternative Investment

Joaquín López Pascual (2013) Chapter 8, "The Investment in Hedge Funds as an Alternative Investment" in  Engineering Management. Ed Intech, pp 167-180.

One of the most relevant industries of the modern financial management is the investment in hedge funds. The hedge fund industry is a heterogeneous group. One way to classify hedge funds is according to the investment strategy used, each offering a different degree of return and risk. Their historical return distributions provide with key information in order to understand the strategies behaviour.


Mostrando el intervalo 1 - 4 de 23 resultados.
Resultados por página 4
de 6

noticias destacadas

"Economía y Gestión Bancaria"

".... Joaquín López Pascual es un profesor universitario de largo recorrido en el análisis de la gestión bancaria. Sus libros —acompañado en la autoría por Altina de Fátima Sebastián González— son un referente en el sector y, casi, casi, un “one way”. El último en salir lleva el mismo título que el epígrafe de esta columna y responde a una mayor inclusión de la técnica bancaria en la economía general. La economía es el paisaje y la banca la concreción funcional...." ÁNGEL GÓMEZ ESCORIAL. BANCA15. 10 febrero 2015 http://www.banca15.com/blog/?p=118#more-118

"Economía y Gestión Bancaria" Editorial Pirámide. 2015

"Economía y Gestión Bancaria" Joaquín López Pascual, Altina de Fatima Sebastián González. Editorial Pirámide. 2015