Who Needs Hedge Funds? A Copula-Based Approach to Hedge Fund Return Replication

The Pricing of Options and Corporate Liabilities

Fischer Black, Myron S. Scholes · Journal of Political Economy · 1973 · 29.4K citations

Business, Economics, Finance +13

Asymmetric Correlations of Equity Portfolios

Andrew Ang, Joseph Chen · SSRN Electronic Journal · 2000 · 267 citations · Full text

Business, Economics, Finance +14

Inefficient Dynamic Portfolio Strategies or How to Throw Away a Million Dollars in the Stock Market

Phillip H. Dybvig · Review of Financial Studies · 1988 · 257 citations

Business, Economics, Finance +12

Distributional Analysis of Portfolio Choice

Philip H. Dybvig · The Journal of Business · 1988 · 235 citations

Business, Economics, Finance +14

The Statistical Properties of Hedge Fund Index Returns and Their Implications for Investors

Harry M. Kat, Chris Brooks · SSRN Electronic Journal · 2001 · 204 citations · Full text

Business, Economics, Finance +16