Andrea Eisfeldt

Sep 26, 2024 | nber.org | Andrea Eisfeldt |Bernard Herskovic |Shuo Liu

We thank seminar participants at UCLA Finance Brown Bag, Lubrafin, UBC Summer Finance Conference, Financial Intermediation Research Society (FIRS), North American Summer Meeting of the Econometric Society, American Finance Association Meeting, FGV São Paulo School of Economics, University of Rochester, University of Southern California, Massachusetts Institute of Technology, New York University, Boston University, University of Wisconsin, McGill University, the European Finance Association...

Jul 20, 2023 | onlinelibrary.wiley.com | Andrea Eisfeldt |Hanno Lustig |Lei Zhang

Rapid Publication This article has been accepted for publication and undergone full peer review but has not been through the copyediting, typesetting, pagination and proofreading process, which may lead to differences between this version and the Version of Record. Please cite this article as https://doi.org/10.1111/jofi.13264 ABSTRACT Investors' individual arbitrage models introduce idiosyncratic risk into complex asset strategies, driving up average returns and Sharpe ratios.