Seminar 217, Risk Management: Asset Insurance Premium in the Cross-Section of Asset Synchronicity

Seminar 217, Risk Management: Asset Insurance Premium in the Cross-Section of Asset Synchronicity

Risk Seminar
Mar 19, 2019, 11:00 AM - 12:30 PM | 1011 Evans Hall | Happening As Scheduled
Speaker: Raymond Leung, UC Berkeley (Speaker - Featured)
Any asset can use some portfolio of similar assets to insure against its own factor risks, even if the identities of the factors are unknown. A long position of an asset and a short position of this portfolio forms an asset insurance premium (AIP) that is different from the equity risk premium.