Instructions on how to join the New York chapter of QWAFAFEW.

NewYork File: Volatility As An Asset Class (Rosenthal_VolRising_Feb08_Final.pdf by Stuart Rosenthal)

with thanks to Herb Blank for passing this along…

Many familiar names appear in this well-written and somewhat amusing article from the July 2, 2007 New Yorker. The author quotes several sources who call into question the ability of hedge funds to earn their “two and twenty” fees (or, in the case of fund of funds, their “three and…

New York File: Slides from 23 January 2007 Wilcox presentation (MFW Presentation.pdf by Michael F. Wilcox, CFA)

Despite widespread predictions that the dollar would decline in value during 2005, it held its own quite well, thank you. The greenback even rose slightly in Europe. Was this a squiggle on a long downward path that began about four years ago, or has the dollar’s decline run its course?…

File from April 26 NY QWAFAFEW Presentation (ARA Behavioral Presentation.pdf by Calianos)

New York File: Is Momentum a Risk Factor? (Yang QWAFAFEW_20050322.pdf by Jian Yang)

New York File: 2005 Membership Application (MembApp5.pdf by Herb Blank) Please provide the information requested for our records.

The Fed Model, in its most basic form, states that stocks are undervalued when their earnings yield is less than the yield on a 10-year Treasury note. Asness notes that since the Treasury yield is a nominal number, whereas the earnings yield is a real number, it is erroneous to…

A timing strategy for the S&P 500 Index that historically has beaten the index performance by over 1.5% per year with only 2/3 of the volatility.

SCHEDULE FOR CONFERENCE ON FINANCIAL INNOVATION Organized by: Professors James Bicksler, Ivan Brick and Michael Long Rutgers University Verizon Corporate Headquarters 1095 Avenue of Americas, New York, NY Friday, November 12, 2004

At least once a month since February 1997, [the New York chapter of] QWAFAFEW has been bringing the math-minded men and women of finance together to raise a glass and think out loud, presenting drafts of papers that later end up polished and published in professional and academic journals. Because…