On the popularity of the CPPI strategy: A behavioral-finance-based explanation and design recommendations

H Dichtl, W Drobetz - The Journal of Wealth Management, 2010 - search.proquest.com
The constant proportion portfolio insurance (CPPI) strategy is frequently used on both the
institutional and the retail sides of the asset management industry. While standard finance …

A comparison of indexing and beta among pension and nonpension assets

SM Horan - Journal of Financial Research, 1998 - Wiley Online Library
In this article I contrast the investment behavior of institutional portfolios having pension
assets with portfolios having nonpension assets. Differences in incentive compensation …

[CITATION][C] A review of hedge fund performance benchmarks

D McCarthy, RB Spurgin - The Journal of Alternative …, 1998 - jai.pm-research.com
Benchmarks are used for two main purposes. One is to serve as a proxy for the return to
some asset class. This proxy can be used to decide how to allocate investments among …