Monthly Archives: January 2023

Market Making

Posted on January 28, 2023 by Martin VAN DER BORGHT

Market Making In this article, Martin VAN DER BORGHT (ESSEC Business School, Master in Finance, 2022-2024) explains the activity of market making which is key to bring liquidity in financial markets. Market Making: What is It and How Does It … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , | Leave a comment

Evidence of underpricing during IPOs

Posted on January 28, 2023 by Martin VAN DER BORGHT

Evidence of underpricing during IPOs In this article, Martin VAN DER BORGHT (ESSEC Business School, Master in Finance, 2022-2024) exposes the results of various studies concerning IPO underpricing. What is IPO Underpricing? Underpricing is estimated as the percentage difference between … Continue reading →

Posted in Contributors, Financial techniques | Tagged , | Leave a comment

Market efficiency

Posted on January 28, 2023 by Martin VAN DER BORGHT

Market efficiency In this article, Martin VAN DER BORGHT (ESSEC Business School, Master in Finance, 2022-2024) explains the key financial concept of market efficiency. What is Market Efficiency? Market efficiency is an economic concept that states that financial markets are … Continue reading →

Posted in Contributors, Financial techniques | Tagged , | Leave a comment

Special Acquisition Purpose Companies (SPAC)

Posted on January 28, 2023 by Martin VAN DER BORGHT

Special Acquisition Purpose Companies (SPAC) In this article, Martin VAN DER BORGHT (ESSEC Business School, Master in Finance, 2022-2024) develops on the SPACs. What are SPACs Special purpose acquisition companies (SPACs) are an increasingly popular form of corporate finance for … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , | Leave a comment

My experience as an intern in the Corporate Finance department at Maison Chanel

Posted on January 28, 2023 by Martin VAN DER BORGHT

My experience as an intern in the Corporate Finance department at Maison Chanel In this article, Martin VAN DER BORGHT (ESSEC Business School, Master in Finance, 2022-2024) shares his professional experience as a Corporate Finance intern at Maison Chanel. About … Continue reading →

Posted in Contributors, Professional experiences | Tagged , , , | Leave a comment

My experience as a Risk Advisory Analyst in Deloitte

Posted on January 24, 2023 by Nithisha CHALLA

My experience as a Risk Advisory Analyst in Deloitte In this article, Nithisha CHALLA (ESSEC Business School, Grande Ecole Program – Master in Management, 2021-2023) shares her experience as a Risk Advisory Analyst in Deloitte. About the company Deloitte is … Continue reading →

Posted in Contributors, Professional experiences | Tagged , | Leave a comment

Catégories de mesures de risques

Posted on January 22, 2023 by Shengyu ZHENG

Catégories de mesures de risque Dans cet article, Shengyu ZHENG (ESSEC Business School, Grande Ecole Program – Master in Management, 2020-2023) présente les catégories de mesures de risques couramment utilisées en finance. Selon le type d’actif et l’objectif de gestion … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , , , , , | 2 Comments

Hedge fund diversification

Posted on January 13, 2023 by Youssef LOURAOUI

In this article, Youssef LOURAOUI (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) discusses the notion of hedge fund diversification by analyzing the paper “Hedge fund diversification: how much is enough?” by Lhabitant and Learned (2002). This article is … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , , | 1 Comment

Managed futures strategy

Posted on January 13, 2023 by Youssef LOURAOUI

In this article, Youssef LOURAOUI (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) presents the managed futures strategy (also called CTAs or Commodity Trading Advisors). The objective of the managed futures strategy is to look for market trends across … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , | Leave a comment

Dedicated short bias strategy

Posted on January 13, 2023 by Youssef LOURAOUI

In this article, Youssef LOURAOUI (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) presents the dedicated short bias strategy. The strategy holds a net short position, which implies more shorts (selling) than long (buying) positions. The objective of the … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , | Leave a comment

Hedging of the crude oil price

Posted on January 11, 2023 by Youssef LOURAOUI

In this article, Youssef Louraoui (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) discusses the concept of hedging and its application in the crude oil market. This article is structured as follow: we introduce the concept of hedging in … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , , | Leave a comment

Modeling of the crude oil price

Posted on January 11, 2023 by Youssef LOURAOUI

Modeling of the crude oil price In this article, Youssef LOURAOUI (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) models the market price of the crude oil. This article is structured as follows: we introduce the crude oil market. … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , | Leave a comment

Equity market neutral strategy

Posted on January 11, 2023 by Youssef LOURAOUI

In this article, Youssef LOURAOUI (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) presents the equity market neutral strategy. The objective of the equity market neutral strategy is to benefit from both long and short positions while minimizing the … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , , | Leave a comment

Fixed-income arbitrage strategy

Posted on January 10, 2023 by Youssef LOURAOUI

Fixed-income arbitrage strategy In this article, Youssef LOURAOUI (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) presents the fixed-income arbitrage strategy which is a well-known strategy used by hedge funds. The objective of the fixed-income arbitrage strategy is to … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , , , , | Leave a comment

Global macro strategy

Posted on January 9, 2023 by Youssef LOURAOUI

In this article, Youssef LOURAOUI (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) presents the global macro equity strategy, one of the most widely known strategies in the hedge fund industry. The goal of the global macro strategy is … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , , | Leave a comment

Interest rate term structure and yield curve calibration

Posted on January 9, 2023 by Youssef LOURAOUI

Interest rate term structure and yield curve calibration In this article, Youssef LOURAOUI (Bayes Business School,, MSc. Energy, Trade & Finance, 2021-2022) presents the usage of a widely used model for building the yield curve, namely the Nelson-Seigel-Svensson model for … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , | Leave a comment

Minimum Volatility Portfolio

Posted on January 9, 2023 by Youssef LOURAOUI

In this article, Youssef LOURAOUI (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) elaborates on the concept of Minimum Volatility Portfolio, which is derived from Modern Portfolio Theory (MPT) and also in practice to build investment funds. This article … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , , , | Leave a comment

Moments d’une distribution statistique

Posted on January 7, 2023 by Shengyu ZHENG

Moments d’une distribution statistique Dans cet article, Shengyu ZHENG (ESSEC Business School, Grande Ecole Program – Master in Management, 2020-2023) présente les quatre premiers moments d’une distribution statistique : la moyenne, la variance, la skewness et la kurtosis. Variable aléatoire … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , , , | 2 Comments

The effect of Elon Musk's Tweets on the Cryptocurrency Market

Posted on January 5, 2023 by Ines ILLES MEJIAS

The effect of Elon Musk’s Tweets on the Cryptocurrency Market In this article, Ines ILLES MEJIAS (ESSEC Business School, Global BBA, 2020-2024) analyzes the effect of Elon Musk’s tweets on the cryptocurrency market and its link with the concept of … Continue reading →

Posted in Contributors, Financial news | Tagged , , | Leave a comment

Arbitrage Pricing Theory (APT)

Posted on January 2, 2023 by Youssef LOURAOUI

Arbitrage Pricing Theory (APT) In this article, Youssef LOURAOUI (Bayes Business School, MSc. Energy, Trade & Finance, 2021-2022) presents the concept of arbitrage portfolio, a pillar concept in asset pricing theory. This article is structured as follows: we present an … Continue reading →

Posted in Contributors, Financial techniques | Tagged , , , , , | Leave a comment