… Hossein Kazemi is the Program Director for the CAIA Association. Dr. Kazemi is a Professor
of Finance at the University of Massachusetts—Amherst, an Associate Director of the Center …

… In The New Science of Asset Allocation, authors Thomas Schneeweis, Garry Crowder, and
Hossein Kazemi first explore the myths that plague this field then quickly move on to examine …

… Hossein Kazemi is a senior adviser to the CAIA Association. He is the Michael and Cheryl
Philipp Professor of Finance at the University of Massachusetts, Amherst; Director of the …

A testable single-beta model of asset prices is presented. If state variables have a long-run
stationary joint density function, then the rate return on a very long-term default-free discount …

In this article, the authors briefly review the potential market factors affecting various hedge
fund strategies. The market factors affecting hedge fund returns are based on the underlying …

In-depth Level II exam preparation direct from the CAIA Association CAIA Level II is the
official study guide for the Chartered Alternative Investment Analyst professional examination, …

This article uses bond market data to empirically test the asset pricing model of Kazemi (1992).
According to this model the rate of return on a long-term, pure-discount, default-free bond …

This paper develops a valuation formula for multi-period stochastic cash flows consistent
with rational risk-averse investor behavior and equilibrium in securities markets. It shows that …

This paper discusses the determinants of the dispersion of beliefs of informed investors and
the effects of this dispersion on the equilibrium level of asset prices in a noisy rational …

We know that when currencies are perfect substitutes, exchange rates could become
indeterminate. We show that even when currencies are less than perfect substitutes exchange …