Ashish Tiwari

University of Iowa

Professor

Finance Department

Henry B. Tippie College of Business, 108 PBB

Iowa City, IA 52242

United States

https://tippie.uiowa.edu/people/ashish-tiwari

SCHOLARLY PAPERS

25

DOWNLOADS

10,832

SSRN CITATIONS

103

CROSSREF CITATIONS

98

Ideas:
“  Evaluating Hedge Funds with Machine Learning-Based Benchmarks  ”

Scholarly Papers (25)

1.

Portfolio Performance and Strategic Asset Allocation Across Different Economic Conditions

Number of pages: 37 Posted: 15 Mar 2006
Jarjisu Sa-Aadu, James D. Shilling and Ashish Tiwari
University of Iowa - Department of Finance, DePaul University and University of Iowa
Downloads 1,449 (24,769)
Citation 1

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Portfolio diversification, volatility bounds, mean-variance spanning, regime switching

Does Stock Return Predictability Imply Improved Asset Allocation and Performance? Evidence from the U.S. Stock Market (1954-2002)

Number of pages: 55 Posted: 15 Jan 2001
Puneet Handa and Ashish Tiwari
University of Iowa - Department of Finance and University of Iowa
Downloads 1,258 (30,006)
Citation 3

Abstract:

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Predictability, parameter uncertainty, asset allocation, predictive distribution, conditioning information, performance evaluation, market timing

Does Stock Return Predictability Imply Improved Asset Allocation and Performance? Evidence from the U.S. Stock Market (1954-2002)

Posted: 14 Apr 2005
Puneet Handa and Ashish Tiwari
University of Iowa - Department of Finance and University of Iowa

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Predictability, parameter uncertainty, asset allocation, predictive distribution, conditioning information, performance evaluation, market timing

Quote Setting and Price Formation in an Order Driven Market

Number of pages: 42 Posted: 05 Jul 1999
Puneet Handa, Robert A. Schwartz and Ashish Tiwari
University of Iowa - Department of Finance, Baruch College - CUNY and University of Iowa
Downloads 1,067 (38,053)
Citation 11

Abstract:

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Quote Setting and Price Formation in an Order Driven Market

Posted: 14 Aug 2002
Ashish Tiwari, Robert A. Schwartz and Puneet Handa
University of Iowa, Baruch College - CUNY and University of Iowa - Department of Finance

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Price Formation, Order driven market, Limit order trading

4.

Sector Fund Performance

University of Iowa Working Paper
Number of pages: 40 Posted: 14 Dec 2001
Anand M. Vijh and Ashish Tiwari
University of Iowa - Department of Finance and University of Iowa
Downloads 869 (51,562)
Citation 5

Abstract:

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Sector funds, Sector rotation/timing, Fund Selection Ability, Performance Persistence

5.
Downloads 610 (81,828)
Citation 1

Testing the CAPM Revisited

Number of pages: 35 Posted: 23 Mar 2009 Last Revised: 04 Oct 2009
Surajit D. Ray, N. Eugene Savin and Ashish Tiwari
Morgan Stanley, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 426 (125,525)

Abstract:

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CAPM, Heteroskedasticity and autocorrelation robust (HAR) tests, Conventional Wald tests

Testing the CAPM Revisited

Journal of Empirical Finance, Vol. 16, No. 5, 2009
Number of pages: 35 Posted: 04 Dec 2009
Surajit D. Ray, N. Eugene Savin and Ashish Tiwari
Morgan Stanley, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 184 (298,044)

Abstract:

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CAPM, Heteroskedasticity and autocorrelation robust tests, Heteroskedasticity and autocorrelation consistent estimators, Bartlett and Parzen kernels

6.

Identifying Signals of the Cross Section of Stock Returns

Number of pages: 97 Posted: 04 Aug 2021 Last Revised: 01 Mar 2023
Tengjia Shu and Ashish Tiwari
University of Illinois at Chicago and University of Iowa
Downloads 575 (88,191)

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Factor Zoo, Anomalies, Stochastic Discount Factor, Bayesian Inference, Machine Learning, Ensemble-of-Trees

7.

Does Stock Return Momentum Explain the 'Smart Money' Effect?

Journal of Finance, Vol. 59, pp. 2605-2622, 2004
Number of pages: 28 Posted: 06 Oct 2003 Last Revised: 10 Aug 2009
Travis Sapp and Ashish Tiwari
Iowa State University - Department of Finance and University of Iowa
Downloads 550 (93,701)
Citation 13

Abstract:

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Mutual Fund Cash Flows, Smart Money, Momentum, Performance of fund investors

8.

Modeling the Cross Section of Stock Returns: A Model Pooling Approach

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 54 Posted: 15 Mar 2010 Last Revised: 06 May 2012
University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 474 (111,900)
Citation 20

Abstract:

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Asset pricing, Model pooling, Model combination, Forecasting, Predictive distributions, Log predictive score

9.

Hedge Fund Replication: A Model Combination Approach

Review of Finance, Forthcoming
Number of pages: 48 Posted: 25 Jan 2015 Last Revised: 21 Jun 2016
University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 359 (153,898)
Citation 1

Abstract:

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Hedge funds, Model pooling, Model combination, Hedge fund replication, Log score

10.

Conditional Benchmarks and Predictors of Mutual Fund Performance

Number of pages: 46 Posted: 18 Feb 2016 Last Revised: 04 Mar 2018
University of Arizona - Department of Finance, University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 345 (160,723)
Citation 2

Abstract:

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Mutual funds, performance evaluation, conditional performance evaluation

Incentive Contracts in Delegated Portfolio Management

Review of Financial Studies, Forthcoming
Number of pages: 41 Posted: 22 Mar 2007 Last Revised: 03 Mar 2009
C. Wei Li and Ashish Tiwari
University of Iowa and University of Iowa
Downloads 338 (163,118)
Citation 16

Abstract:

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Incentive Contracts, Delegated Portfolio Management, Mutual Funds, Performance Fees

Incentive Contracts in Delegated Portfolio Management

The Review of Financial Studies, Vol. 22, Issue 11, pp. 4681-4714, 2009
Posted: 08 Dec 2009
C. Wei Li and Ashish Tiwari
University of Iowa and University of Iowa

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12.

On the Consequences of Mutual Fund Tournaments

Number of pages: 60 Posted: 20 Mar 2005
Wei Li and Ashish Tiwari
University of Iowa - Department of Finance and University of Iowa
Downloads 316 (176,526)
Citation 15

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Mutual fund tournaments, implicit incentives, performance chasing, shareholder welfare

13.

Investment Decisions Under Ambiguity: Evidence from Mutual Fund Investor Behavior

Forthcoming in Management Science
Number of pages: 46 Posted: 27 Sep 2013 Last Revised: 05 Sep 2016
C. Wei Li, Ashish Tiwari and Lin Tong
University of Iowa, University of Iowa and Fordham University - Finance Area
Downloads 286 (195,993)
Citation 1

Abstract:

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Ambiguity aversion, Mutual fund performance, Investor behavior, Bayesian learning, Flow-performance sensitivity

14.

Prime Time for Prime Funds: Floating NAV, Intraday Redemptions and Liquidity Risk During Crises

Number of pages: 43 Posted: 12 Aug 2020 Last Revised: 29 Feb 2024
University of Technology Sydney, Macquarie University - Department of Applied Finance and Actuarial Studies, University of Iowa and University of Iowa
Downloads 285 (196,719)
Citation 3

Abstract:

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Prime Money Market Funds, Intraday Redemptions, Floating NAV, Liquidity Risk, Covid-19, Debt Ceiling Crisis

15.

Evaluating Hedge Funds with Pooled Benchmarks

Management Science, Forthcoming
Number of pages: 38 Posted: 12 Dec 2012 Last Revised: 21 Aug 2014
University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 268 (209,378)
Citation 1

Abstract:

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Hedge funds, Model pooling, Model combination, Performance evaluation, Predictive distributions, Log predictive score

16.

Cross Trading by Investment Advisers: Implications for Mutual Fund Performance

Journal of Financial Intermediation, Forthcoming
Number of pages: 54 Posted: 07 Feb 2013 Last Revised: 12 Aug 2015
Lorenzo Casavecchia and Ashish Tiwari
University of Technology Sydney and University of Iowa
Downloads 266 (210,926)
Citation 5

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Mutual fund performance, Cross trading, Investment advisers, Brokerage Commissions, Adviser governance

17.

Evaluating Hedge Funds with Machine Learning-Based Benchmarks

Number of pages: 68 Posted: 28 Sep 2022 Last Revised: 23 Jan 2024
Tengjia Shu and Ashish Tiwari
University of Illinois at Chicago and University of Iowa
Downloads 256 (219,113)

Abstract:

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Hedge Fund, Investment, Bayesian Inference, Machine Learning, Regression Trees

The Economic Value of a Trading Floor: Evidence from the American Stock Exchange

Number of pages: 37 Posted: 20 Jul 2002
Ashish Tiwari, Robert A. Schwartz and Puneet Handa
University of Iowa, Baruch College - CUNY and University of Iowa - Department of Finance
Downloads 256 (217,998)
Citation 2

Abstract:

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Floor trading, Automated trading, Execution costs

The Economic Value of a Trading Floor: Evidence from the American Stock Exchange

Posted: 14 Aug 2002
Ashish Tiwari, Robert A. Schwartz and Puneet Handa
University of Iowa, Baruch College - CUNY and University of Iowa - Department of Finance

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Floor trading, Automated trading, Execution costs

19.

Funding Liquidity Risk and Hedge Fund Performance

30th Australasian Finance and Banking Conference 2017
Number of pages: 56 Posted: 27 May 2014 Last Revised: 08 Aug 2017
Mahmut Ilerisoy, Jarjisu Sa-Aadu and Ashish Tiwari
University of Iowa - Department of Finance, University of Iowa - Department of Finance and University of Iowa
Downloads 253 (221,700)
Citation 1

Abstract:

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Market Liquidity, Funding Liquidity, Hedge Fund Performance, Liquidity Regimes, Regime Switching, Liquidity Spirals

20.

Not Held Orders: Evidence on the Value of Order Timing in an Equity Market

Number of pages: 42 Posted: 11 Dec 2000
Puneet Handa, Robert A. Schwartz and Ashish Tiwari
University of Iowa - Department of Finance, Baruch College - CUNY and University of Iowa
Downloads 246 (227,912)
Citation 2

Abstract:

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Price impact, order timing, trading floor

21.

Mutual Fund Flows, Performance Persistence, and Board Quality

Number of pages: 38 Posted: 16 Mar 2010
Sandy Lai, Ashish Tiwari and Zhe Zhang
University of Hong Kong, University of Iowa and Singapore Management University - Lee Kong Chian School of Business
Downloads 244 (229,772)
Citation 3

Abstract:

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Mutual fund flows, Short-term performance persistence, Fund board quality

22.

Mutual Fund Tournaments and Fund Active Share

Number of pages: 43 Posted: 27 Nov 2017 Last Revised: 17 Jun 2020
C. Wei Li, Ashish Tiwari and Lin Tong
University of Iowa, University of Iowa and Fordham University - Finance Area
Downloads 153 (350,183)

Abstract:

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Mutual Fund Tournaments, Active Share, Downside Risk, Implicit Incentives, Performance Chasing

23.

Contracting in Delegated Portfolio Management: The Case of Alternative Assets

Number of pages: 42 Posted: 15 Mar 2012 Last Revised: 20 Sep 2013
C. Wei Li and Ashish Tiwari
University of Iowa and University of Iowa
Downloads 90 (517,154)

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Delegated Portfolio Management, Incentive Contracts, Hedge Funds, Alternative Investments, Moral Hazard

24.

Fund Flow Diversification: Implications for Asset Stability, Fee-Setting and Performance

Number of pages: 1 Posted: 28 Dec 2023
Lorenzo Casavecchia and Ashish Tiwari
University of Technology Sydney and University of Iowa
Downloads 19 (951,173)

Abstract:

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Code: G23

25.

Stock Return Momentum and Investor Fund Choices

Journal of Investment Management, Vol. 4, No. 3, Third Quarter 2006
Posted: 03 Oct 2006
Travis Sapp and Ashish Tiwari
Iowa State University - Department of Finance and University of Iowa

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Mutual fund selection, stock return momentum, investor behavior

Other Papers (2)

Total Downloads: 190
1.

Modeling the Cross Section of Stock Returns: A Model Pooling Approach

Number of pages: 37 Posted: 15 Jan 2010 Last Revised: 08 Aug 2011
University of Missouri at Columbia - Department of Finance, University of Iowa - Henry B. Tippie College of Business - Department of Economics and University of Iowa
Downloads 157

Abstract:

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Asset Pricing Models, Model Pooling, Log Predictive Score, Return Prediction

2.

Mutual Fund Flows, Performance Persistence, and Board Quality

Number of pages: 40 Posted: 22 Mar 2009
Sandy Lai, Ashish Tiwari and Zhe Zhang
University of Hong Kong, University of Iowa and Singapore Management University - Lee Kong Chian School of Business
Downloads 33

Abstract:

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mutual fund flows, performance persistence, fund board quality