[HTML][HTML] Heterogeneous tail generalized COMFORT modeling via Cholesky decomposition

J Näf, MS Paolella, P Polak - Journal of Multivariate Analysis, 2019 - Elsevier
A mean–variance heterogeneous tails mixture distribution is proposed for modeling financial
asset returns. It captures, along with the obligatory leptokurtosis, different tail behavior …

[HTML][HTML] A general framework for portfolio construction based on generative models of asset returns

T Cheng, K Chen - The Journal of Finance and Data Science, 2023 - Elsevier
In this paper, we present an integrated approach to portfolio construction and optimization,
leveraging high-performance computing capabilities. We first explore diverse pairings of …

Density and risk prediction with non-Gaussian COMFORT models

MS Paolella, P Polak - Swiss Finance Institute Research Paper, 2022 - papers.ssrn.com
The CCC-GARCH model, and its dynamic correlation extensions, form the most important
model class for multivariate asset returns. For multivariate density and portfolio risk …

Density and risk prediction with non-Gaussian COMFORT models

MS Paolella, P Polak - Annals of Financial Economics, 2023 - World Scientific
The CCC-GARCH model, and its dynamic correlation extensions, form the most important
model class for multivariate asset returns. For multivariate density and portfolio risk …

Dynamic currency hedging with non-Gaussianity and ambiguity

P Polak, U Ulrych - Quantitative Finance, 2024 - Taylor & Francis
This paper introduces a non-Gaussian dynamic currency hedging strategy for globally
diversified investors with ambiguity. It provides theoretical and empirical evidence that …

Heterogeneous tail generalized common factor modeling

S Hediger, J Näf, MS Paolella… - Swiss Finance Institute …, 2021 - papers.ssrn.com
A multivariate normal mean-variance heterogeneous tails mixture distribution is proposed
for the joint distribution of financial factors and asset returns (referred to as Factor-HGH). The …

Heterogeneous tail generalized common factor modeling

S Hediger, J Näf, MS Paolella, P Polak - Digital Finance, 2023 - Springer
A multivariate normal mean–variance heterogeneous tails mixture distribution is proposed
for the joint distribution of financial factors and asset returns (referred to as Factor-HGH). The …

Dynamic Currency Hedging with Non-Gaussianity and Ambiguity

U Ulrych, P Polak - Swiss Finance Institute Research Paper, 2023 - zora.uzh.ch
This paper introduces a non-Gaussian dynamic currency hedging strategy for globally
diversified investors with ambiguity. Assuming that ambiguity of a typical investor can be …

Cryptocurrency portfolio optimization through Grey-Box Gene Pool Optimal Mixing Evolutionary Algorithms

A Garcia Egas - 2024 - studenttheses.uu.nl
Portfolio optimization of cryptocurrencies with Evolutionary Algorithms is a fairly new topic in
financial literature. New and upcoming studies are addressing portfolio optimization …

[PDF][PDF] Applications of statistical learning in quantitative finance

U Ulrych - 2022 - zora.uzh.ch
I am thankful to many people for guiding me through my Ph. D. studies. First and foremost, I
would like to express my deepest gratitude to my advisor, Prof. Dr. Erich Walter Farkas, for …