A well-founded risk management process is necessary to meet the Markets in Financial
Instruments Directive (MiFID) suitability requirements. In this article, we describe how risk …

In this article, the authors provide an analysis of the recent regulatory developments that
have taken place in the United States and the European Union and highlight the impact that …

This thesis consists of three independent parts. The first chapter is based on the stochastic
portfolio theory developed by Robert Fernholz and proposes a theoretical and empirical …

The classic approximation of the random present value (PV) of a life annuity is its expected
PV (EPV) over its term. EPV minimizes mean squared error per expected value theory (EVT) …

The authors focus on the impact of taxes on equity management styles, more specifically on
the degree of portfolio management activity. They introduce the concept of active …

Résumé Cette thèse est constituée de trois parties indépendantes. Le premier chapitre s'
appuie sur la théorie de portefeuille stochastique développée par Robert Fernholz et …