De Zwart conducted five different empirical studies into financial markets. In one of the studies, he investigated the best position for an investor to take when considering investing in the currency markets of emerging economies, like the Mexican peso or Turkish lira.
Mention of such currencies prompts many people think of the currency crises of the past decades. But for a great many currencies the time of crisis is far in the past, making them interesting prospects for investors now. The strong economic growth has contributed significantly to more stable exchange rates and rising reserves at the central banks.
De Zwart has identified 23 currencies that are no longer linked to the US dollar or the euro since 1995 or later, including the Taiwanese dollar, Indian rupee, South African rand, Korean won, Czech koruna and the Brazilian real. What information should the investor have in order to make good choices? De Zwart incorporates both macro-economic information and information from the technical analysis of the exchange rates in his strategy. Working with different information sources makes currencies from emerging markets an interesting source of absolute returns.
In a second study, De Zwart investigated how pension funds and insurance companies can better invest in private equity. Institutional investors usually have great difficulty in fleshing out their private equity portfolios to the right size, since their world is not attuned to the dynamics of private equity. They have great difficulty with the long-term contracts (ten years or more), for instance, that are customary in private equity, or the lack of liquidity. De Zwart has developed a strategy that provides a solution for this.
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19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
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The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.
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The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...
Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.
Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...
Two researchers at Heidelberg University have developed a model system that enables a better understanding of the processes in a quantum-physical experiment...
Glaciers might seem rather inhospitable environments. However, they are home to a diverse and vibrant microbial community. It’s becoming increasingly clear that they play a bigger role in the carbon cycle than previously thought.
A new study, now published in the journal Nature Geoscience, shows how microbial communities in melting glaciers contribute to the Earth’s carbon cycle, a...
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21.04.2017 | Physics and Astronomy