Alternative investment ≈ Alternative investment
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The analysis of investment into industries based on portfolio managers Open
The main goal of each investor when investing capital is to recover funds. The current market brings unlimited opportunities in creating an investment strategy. This strategy is highly dependent on the investor's preferences, his attitude …
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Venture Capital Investments in Europe and Portfolio Firms' Economic Performance: Independent Versus Corporate Investors Open
Using a new European Commission‐sponsored longitudinal dataset—the VICO dataset—we assess the impact of independent (IVC) and corporate venture capital (CVC) investments on the economic performance of European high‐tech entrepreneurial fir…
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The Effect of Cryptocurrency on Investment Portfolio Effectiveness Open
The emergence of financial technology in the last 10 years has created a new type of asset that is Cryptocurrency. Cryptocurreny offers a small transaction fee without involving a third party in its transaction and the ability to make its …
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Non-fungible Tokens as an Alternative Investment – Evidence from CryptoPunks Open
The Non-Fungible Token (NFT) market has experienced extraordinary growth since the beginning of 2021. This has attracted attention from investors who are seeking alternative investments. However, the investment performance of the NFT marke…
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Economic Policy Uncertainty and Cryptocurrency Market as a Risk Management Avenue: A Systematic Review Open
Cryptocurrency literature is increasing rapidly nowadays. Particularly, the role of the cryptocurrency market as a risk management avenue has got the attention of researchers. However, it is an immature asset class and requires gaps in cur…
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Environmental, Social and Governance investing: Does rating matter? Open
In the last decade, the demand for sustainable and social investments has improved. The mutual funds industry has responded to market needs by offering a number of investment products focused on Environmental, Social and Governance (ESG) c…
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Mechanisms for protecting returns on private investments in public infrastructure projects Open
Despite the widespread attention for the private financing of infrastructure projects, actual empirical work on financing public-private partnerships remains limited. Especially the topics of return on equity and lenders’ cash flow control…
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The impact of Covid-19 and Russia–Ukraine war on the financial asset volatility: Evidence from equity, cryptocurrency and alternative assets Open
This study investigates the volatility and external shock persistence within the financial and alternative assets markets during times of crises triggered by Covid-19 and the war in Ukraine. Univariate GARCH family models are used to captu…
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Investor Scale and Performance in Private Equity Investments Open
We document that defined benefit pension plans with significant holdings in private equity (PE) earn substantially greater returns than plans with small holdings, in both the 1990s and the 2000s. A one standard deviation increase in PE hol…
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Can the EU taxonomy for sustainable activities help upscale investments into urban nature-based solutions? Open
We analyze the potential of the European Union (EU) Taxonomy (ET) for Sustainable Activities to mobilize investments for the sustainability transition toward urban nature-based solutions (UNBS). We map the current investment landscape of U…
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Buy me a river: Use of multi-attribute non-linear utility functions to address overcompensation in agricultural water buyback Open
The realization of buyback welfare enhancing opportunities is conditioned to the ability of government agencies to place bids consistent with the shadow price of irrigators. However, methods used to inform buyback programmes to date either…
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Assessment of cryptocurrencies as an asset class by their characteristics Open
The cryptocurrency market has witnessed significant growth in the past few months. The emergence of hundreds of new digital currencies and the huge increase in the prices of their leading representatives have attracted a lot of attention f…
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Real and Private-Value Assets Open
Real and private-value assets—defined here as the sum of real estate, infrastructure, collectibles, and noncorporate business equity—compose an investment class worth an estimated $84 trillion in the U.S. alone. Furthermore, private values…
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Rise of the Crypto Hedge Fund: Operational Issues and Best Practices for Emergent Investment Industry Open
In the last several years, a discreet $100 billion financial system has emerged in the form of cryptocurrency markets. The extraordinary returns generated by cryptocurrencies such as Bitcoin has led to a frenzy of investment activity and i…
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Asymmetric spillover from Bitcoin to green and traditional assets: A comparison with gold Open
This paper studies asymmetric spillovers from Bitcoin to green and traditional assets by using a full distributional framework established by a recently-developed Quantile-on-Quantile approach. The spillovers from gold to the same are furt…
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Business Angel Investments: Risks and Opportunities Open
For the last few years the need of improving the access to finance for the companies, especially SME's (small and middle enterprises), has been on the agenda in European Union. As long as the traditional financing such as bank loans became…
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Can cryptocurrencies hedge oil price fluctuations? A pandemic perspective Open
The article aims to verify whether cryptocurrencies can hedge extreme price movements in Brent crude oil. The COVID-19 pandemic revealed that oil prices are heavily influenced by economic uncertainty and the mobility factor. We analyse Bre…
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Pricing art and the art of pricing: On returns and risk in art auction markets Open
We study price determinants and investment performance of art using a vast sample of transactions worldwide over the past 60 years. We focus on paintings and drawings which have appreciated at a real (nominal) annual return of 2.49% (6.24%…
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Dynamic correlation pattern amongst alternative energy market for diversification opportunities Open
Last couple of decades witnessed recognition of energy markets as investment commodities which led interest of the international investment community. We investigate the potential of globally diverse alternative energy markets for optimal …
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An examination of green bonds as a hedge and safe haven for international equity markets Open
Green bonds are a type of fixed-income instrument that specifically designed to fund environmentally friendly projects. Investigating the performance of green bonds is essential to gain insights into the risk-return characteristics and dyn…
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Investing with cryptocurrencies – evaluating their potential for portfolio allocation strategies Open
Cryptocurrencies (CCs) have risen rapidly in market capitalization over the last years. Despite striking price volatility, their high average returns have drawn attention to CCs as alternative investment assets for portfolio and risk manag…
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Long-term portfolio investments: New insight into return and risk Open
This article analyzes the impact of the increase of an investment horizon on the comparative advantages of the basic asset classes and on the principles of constructing the investment strategy. It demonstrates that the traditional approach…
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Network effects and store-of-value features in the cryptocurrency market Open
It is important to determine the network effects and store-of-value feature of cryptocurrencies due to the argument that it could be considered as a new ‘asset class’. Current studies on cryptocurrencies' network effects mainly focused on …
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Cryptocurrencies as an asset class in portfolio optimisation Open
In this paper, cryptocurrencies are analysed as investment instruments. The study aims to verify whether they can be classified as an asset class and what kind of benefits they may bring to the investor's portfolio. We used 6 indices as pr…
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Delegated Investment Management in Alternative Assets Open
Institutional investors can be segmented into investors that hold simple portfolios of traditional equities and bonds, and investors that manage complex strategies in public and private markets. Investors implementing active portfolio mana…
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The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Open
Introduction to the 10th Anniversary Edition xv Chapter One A Parable 1 Chapter Two Rational Exuberance 9 Chapter Three Cast Your Lot with Business 25 Chapter Four How Most Investors Turn a Winner's Game into a Loser's Game 39 Chapter Five…
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From cost-optimal to nearly Zero Energy Buildings’ renovation: Life Cycle Cost comparisons under alternative macroeconomic scenarios Open
Policies and financial framework aiming to encourage energy efficient building renovations should contribute to “fill” the existing investment gap between Cost-Optimal (CO) solutions, that are more economically convenient, and nearly Zero …
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The impact of fundamental factors and sentiments on the valuation of cryptocurrencies Open
The valuation of cryptocurrencies is important given the increasing significance of this potential asset class. However, most state-of-the-art cryptocurrency valuation methods only focus on one of the fundamental factors or sentiments and …
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Electronic cigarettes: analysis of FDA adverse experience reports in non-users Open
The author presents the first comprehensive study of liquid absolute return funds (i.e., mutual funds that have absolute return targets and at least weekly liquidity) and shows that their higher liquidity compared with traditional hedge fu…
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Italian military real estate assets re-use issues and opportunities in three capital cities Open
The article, through a number of case studies, aims at exploring difficulties and opportunities affecting Italian military real estate assets re-use and, also, at developing an analysis of 1990s and 2000s military assets management. After …