Now showing 1 - 10 of 25
No Thumbnail Available
Publication

Private Equity Fund of Funds vs. Funds : A Performance Comparison

2011-04-19 , Gresch, Nathalie , von Wyss, Rico

Based on a comprehensive sample of 1,641 funds, this article investigates the performance of private equity funds of funds versus direct fund investments. On a risk-adjusted basis, funds of funds outperform the aggregated direct funds. When separated into categories such as buyout, venture, and fund of funds, buyout funds exhibit the most attractive risk-return profile. Analyzing how fund performance depends on macroeconomic variables, direct funds generate pro-cyclical returns: Returns increase with high public market performance and economic growth as well as declining corporate bond yields. For funds of funds, we cannot observe such a pattern.

No Thumbnail Available
Publication

Performance Schweizerischer Anlagestiftungen

2002-12-01 , Ammann, Manuel , Häller, Corinne , von Wyss, Rico

No Thumbnail Available
Publication

Buchbesprechung: Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance : Acharya/van Nieuwerburgh/Richardson/White

2013-03 , von Wyss, Rico

Princeton University Press 2011

No Thumbnail Available
Publication

Book Review on Choudhry (2004): Fixed Income Markets Library

2005-07-01 , von Wyss, Rico

No Thumbnail Available
Publication

Delistings of Secondary Listings : Price and Volume Effects

2010-12-01 , Pfister, Matthias , von Wyss, Rico

Despite their growing importance in recent years, delistings of secondary listings have received very little attention. This article investigates whether a delisting is accompanied by any price or volume effects on the company's primary exchange. We apply a standard event study methodology to analyze these effects. The total sample consists of 255 companies that either delisted from the SIX Swiss Exchange, the Sponsored Segment of the SIX, Deutsche Börse, or the Tokyo Stock Exchange. The results show no significant price effects, either around the announcement or around the effective delisting. Furthermore, the results vary considerably between subsamples. Prices tend to decline around announcement; however, the effect is not permanent. The effective delisting is preceded by declining prices, whereas the event itself has no influence. Overall, this initial decline appears to be permanent. In general, volumes seem to rise around the announcement as well as around the date of the delisting.

No Thumbnail Available
Publication

Performance Measurement of Equity Funds - Do the SPPS Enhance Transparency?

2001-06-30 , von Wyss, Rico

No Thumbnail Available
Publication

Book Review on Andersen/Piterbarg (2010): Interest Rate Modeling

2011-05-12 , von Wyss, Rico

No Thumbnail Available
Publication

Eigenschaften von Verwaltungsräten und Unternehmensperformance

2005-03-01 , Ammann, Manuel , Leuenberger, Markus , von Wyss, Rico

No Thumbnail Available
Publication

Überarbeitung von 85 Stichwörtern zum Thema Einlagengeschäft

2009 , von Wyss, Rico

No Thumbnail Available
Publication

Book Review on Gatarek/Bachert/Macsymiuk (2006): The LIBOR Market Model in Practice

2007-06-01 , von Wyss, Rico