Investors who believe an active manager has insights or forecasts with the potential to earn
higher relative returns may look for the manager to concentrate their portfolios. Because …

This thesis aims to answer how many stocks make a diversified portfolio in a continuous-
time world. The study investigates what are the factors determining diversification effects in a …

The existing approaches to sparse wealth allocations (1) are limited to low-dimensional
setup when the number of assets is less than the sample size;(2) lack theoretical analysis of …

Generating the best returns commensurate with the risk appetite is very important for an
investor in capital markets. After determining the past returns and risk behavior of a stock …

UNIVERSITY OF CALIFORNIA RIVERSIDE Graphical Models in Financial Econometrics and
Macroeconomic Forecasting A Dissertation submi Page 1 UNIVERSITY OF CALIFORNIA …

Assets in passive investment strategies have been on the rise for decades now globally and
have been gaining momentum within Canada more recently. For example, net cash flows …