SELECTED PUBLICATIONS BY PAAMCO PROFESSIONALS*

The Performance of Emerging Hedge Funds and Managers (2009)
Philippe Jorion and Rajesh K Aggarwal, forthcoming in Journal of Financial Economics

Risk Management Lessons from the Credit Crisis (2009)
Philippe Jorion, forthcoming in European Financial Management

Credit Contagion from Counterparty Risk (2009)
Philippe Jorion and Gaiyan Zhang, forthcoming in Journal of Finance

Tightening Credit Standards: The Role of Accounting Quality (March 2009)
Philippe Jorion, Charles Shi, and Sanjian Zhang, published in Review of Accounting Studies

The Risk of Emerging Hedge Fund Managers (2009)
Philippe Jorion and Rajesh K Aggarwal, published in Journal of Investing

Plan of Attack: Active Risk Management Out of the Defensive Zone (Summer 2008)
Philippe Jorion, published in Canadian Investment Review

How to Resolve Hedge Fund Transparency (June 2008)
Philippe Jorion, published in Pensions & Investments

How Portfolio Transparency Can Help Manage Hedge Fund Risk (March 2008)
Philippe Jorion, published in The Capco Institute – Journal of Financial Transformation

Risk Management for Event Driven Funds (January 2008)
Philippe Jorion, published in Financial Analysts Journal

Downside Leverage and Event Risk in Fund-of-Funds Portfolios (Fall 2007)
Steven Christie, published in The Journal of Alternative Investments

Risk Management for Hedge Funds with Position Information (Fall 2007)
Philippe Jorion, published in The Journal of Portfolio Management

Financial Risk Manager Handbook (June 2009)
Philippe Jorion, fifth edition published by Wiley

Detecting Performance Persistence in Fund Managers (2007)
Rajesh K Aggarwal, Galin Georgiev, and Jake Pinato, published in The Journal of Portfolio Management

Focus on Total Risk to Seek out All Sources of Returns (October 2006)
Philippe Jorion, published in Financial Times

Value at Risk: The New Benchmark for Managing Financial Risk (August 2006)
Philippe Jorion, third edition published by McGraw-Hill

A Practical Approach to Implementing a Portable Alpha Strategy (February 2006)
Geoffrey Lasry and Stephen Oxley, published in Hedge Fund Manager

Beware of Greeks Bearing Jargon (October 2005)
Stephen Oxley, published in Financial News

Fund Selection: FoHF or DIY? (August 2005)
Stephen Oxley, published in Hedge Funds Review

Understanding Process, Not Managing Positions (May 2004)
M. Jane Buchan and Von M. Hughes, published in Hedgeworld’s Accredited Investor

Risk Management in a Fund of Hedge Funds (March 2004)
M. Jane Buchan and Stephen Oxley, published in Risk Magazine

Eye on the Ball: Monitoring Risk in a Portfolio of Hedge Funds (February 2004)
Stephen Oxley, published in Global Pensions Magazine

Institutional Investors: Incorporating Hedge Funds into the Asset Allocation Process (2003)
James L. Berens, Judith F. Posnikoff, and Alexandra L. Coffey, published in Evaluating and Implementing Hedge Fund Strategies: The Experience of Managers and Investors, Third Edition

Institutional Investors and Hedge Funds (2003)
Judith F. Posnikoff, Goshin Mizuno, and Alexandra L. Coffey, published in Security Analysts Journal (Japan)

Market Neutral Investing Through Funds of Funds (2001)
James L. Berens and Judith F. Posnikoff, published in The Capital Guide to Alternative Investment

Practical Approaches to Incorporating Hedge Funds in the Asset Allocation Process for Institutional Investors (1999)
James L. Berens and Judith F. Posnikoff, published in Evaluating and Implementing Hedge Fund Strategies: The Experience of Managers and Investors

Fund of Funds and Market Neutral Investing (2000)
James L. Berens and Judith F. Posnikoff, published in The Capital Guide to Alternative Investments

Liquid Alternative Investments: What You’re Getting and What You’re Giving Up (1998)
James L. Berens and M. Jane Buchan, published in Investment Policy

The Pricing of Convertible Bonds with Stochastic Term Structures and Corporate Default Risk (1998)
M. Jane Buchan, working paper

Inter-Market Inefficiency: A Case Study of Convertible Bond Hedging (1998)
M. Jane Buchan, working paper

Fixed Income Arbitrage Strategies (1997)
James L. Berens and Robert Friend, published in Managing Fixed Income Portfolios

Disinvestment from South Africa: They Did Well by Doing Good (1997)
Judith F. Posnikoff, published in Contemporary Economic Policy, vol. XV, 1997

The Spectrum of Hedge Funds (1996)
James L. Berens and Budge Collins, published in Hedge Fund Strategies

Diversifying Market-Neutral Strategies (1996)
M. Jane Buchan, published in Market Neutral

The Capital Structure Puzzle Revisited (1995)
James L. Berens and Charles Cuny, in Review of Financial Studies

* Publications available upon request