Fund family tournament and performance consequences: evidence from the UK fund industry

By applying tournament analysis to the UK Unit Trusts data, the results support significant risk shifting in the family tournament; i.e. interim winning managers tend to increase their level of risk exposure more than losing managers. It also shows that the risk-adjusted returns of the winners outperform those of the losers following the risk taking, which implies that risk altering can be regarded as an indication of managers’ superior ability. However, the tournament behaviour can still be a costly strategy for investors, since winners can be seen to beat losers in the observed returns due to the deterioration in the performance of their major portfolio holdings

CityFlow: A Multi-Agent Reinforcement Learning Environment for Large Scale City Traffic Scenario

Traffic signal control is an emerging application scenario for reinforcement learning. Besides being as an important problem that affects people's daily life in commuting, traffic signal control poses its unique challenges for reinforcement learning in terms of adapting to dynamic traffic environment and coordinating thousands of agents including vehicles and pedestrians. A key factor in the success of modern reinforcement learning relies on a good simulator to generate a large number of data samples for learning. The most commonly used open-source traffic simulator SUMO is, however, not scalable to large road network and large traffic flow, which hinders the study of reinforcement learning on traffic scenarios. This motivates us to create a new traffic simulator CityFlow with fundamentally optimized data structures and efficient algorithms. CityFlow can support flexible definitions for road network and traffic flow based on synthetic and real-world data. It also provides user-friendly interface for reinforcement learning. Most importantly, CityFlow is more than twenty times faster than SUMO and is capable of supporting city-wide traffic simulation with an interactive render for monitoring. Besides traffic signal control, CityFlow could serve as the base for other transportation studies and can create new possibilities to test machine learning methods in the intelligent transportation domain.Comment: WWW 2019 Demo Pape

Hidet: Task-Mapping Programming Paradigm for Deep Learning Tensor Programs

As deep learning models nowadays are widely adopted by both cloud services and edge devices, reducing the latency of deep learning model inferences becomes crucial to provide efficient model serving. However, it is challenging to develop efficient tensor programs for deep learning operators due to the high complexity of modern accelerators and the rapidly growing number of operators. Deep learning compilers, such as Apache TVM, adopt declarative scheduling primitives to lower the bar of developing tensor programs. However, we show that this approach is insufficient to cover state-of-the-art tensor program optimizations. In this paper, we propose to embed the scheduling process into tensor programs and use dedicated mappings, called task mappings, to define the computation assignment and ordering. This new approach greatly enriches the expressible optimizations by allowing developers to manipulate tensor programs at a much finer granularity. We call the proposed method the task-mapping programming paradigm. In addition, we propose a new post-scheduling fusion optimization that allows developers to focus on scheduling every single operator and automates the fusion after scheduling. It greatly reduces the engineering efforts for operator fusion. Our proposed paradigm also constructs an efficient hardware-centric schedule space, which is agnostic to the program input size and greatly reduces the tuning time. With the proposed paradigm, we implement a deep learning compiler Hidet. Extensive experiments on modern convolution and transformer models show that Hidet outperforms state-of-the-art DNN inference framework, ONNX Runtime, and compiler, TVM equipped with scheduler AutoTVM and Ansor, by up to 1.48x (1.22x on average). It also reduces the tuning time by 20x and 11x compared with AutoTVM and Ansor, respectively. We open-sourced hidet at https://www.github.com/hidet-org/hidet.Comment: 15 pages, 22 figures, 1 tabl

A Comparative Study of Survival, Metabolism, Immune Indicators, and Proteomics, in Five Batches of Japanese Scallop Mizuhopecten yessoensis under Short-Term High Temperature Stress

Five batches of the Japanese scallop Mizuhopecten pyessoensis were tested for survival rate, oxygen consumption, catalase (CAT) and superoxide dismutase (SOD) activities, total antioxidant capacities (T-AOC) contents, and proteomics under short-term high temperature conditions. The five batches, (W1, W2, W3, W4, W5) selected from the established 21 ‘ivory white’ M. yessoensis batches, had higher survival rates than the other batches after one year of culture. Initial rearing water temperature of 15°C was increased by 1°C per day with a cooling and heating system. The temperature was raised until over 50% of the scallops from 3 batches died. This occurred at 30°C. The higher than normal culture temperature conditions showed significant or highly significant differences in the responses of some of the batches. Some showed significantly higher survival rates and significantly different rates of oxygen consumption. CAT activity, SOD activity and T-AOC content was similar in the five batches, and all three indices were significantly lower in W3 and W5 than in the other batches (P<0.01). Expression patterns of MDA content were opposite to those of CAT activity, SOD activity and T-AOC content. Protein profiles of all five batches were similar; the sizes of the predominant bands ranged from 20-110 kDa. We identified twenty-eight proteins with high scores in the database. These included heat shock proteins (HSPs), glucose-regulated protein 94, and arginine kinase

HSAF-induced antifungal effects in Candida albicans through ROS-mediated apoptosis

Heat-stable antifungal factor (HSAF) belongs to polycyclic tetramate macrolactams (PTMs), which inhibits many fungal pathogens and is effective in inhibiting Candida albicans (C. albicans). In this study, we found that HSAF induced the apoptosis of C. albicans SC5314 through inducing the production of reactive oxygen species (ROS). Nevertheless, we validated the efficacy of HSAF against candidiasis caused by C. albicans in a murine model in vivo,and HSAF significantly improved survival and reduced fungal burden compared to vehicles. A molecular dynamics (MD) simulation was also investigated, revealing the theoretical binding mode of HSAF to the β-tubulin of C. albicans. This study first found PTMs-induced fungal apoptosis through ROS accumulation in C. albicans and its potential as a novel agent for fungicides

Iterative Assembly of Two Separate Polyketide Chains by the Same Single-module Bacterial Polyketide Synthase in the Biosynthesis of HSAF

HSAF (1) was isolated from the biocontrol agent Lysobacter enzymogenes (Figure 1).[1-4] This bacterial metabolite belongs to polycyclic tetramate macrolactams (PTM) that are emerging as a new class of natural products with distinct structural features. [5, 6] HSAF exhibits a potent antifungal activity and shows a novel mode of action.[1-4] The HSAF biosynthetic gene cluster contains only a single-module hybrid polyketide synthasenonribosomal peptide synthetase (PKS-NRPS), although the PTM scaffold is apparently derived from two separate hexaketide chains and an ornithine residue.[1-4] This suggests that the same PKS module would act not only iteratively, but also separately, in order to link the two hexaketide chains with the NRPS-activated ornithine to form the characteristic PTM scaffold. Recently, the Gulder group reported heterologous expression of the ikarugamycin (4) biosynthetic gene cluster in E. coli,[7] and the Zhang group reported the enzymatic mechanism for formation of the inner 5-memebered ring and demonstrated the polyketide origin of the ikarugamycin skeleton.[8] Ikarugamycin is a Streptomyces-derived PTM which has a 5,6,5-tricyclic system (Figure 1). Both the Gulder and Zhang groups showed that a three-gene cluster is sufficient for ikarugamycin biosynthesis. Despite the progress, this iterative polyketide biosynthetic mechanism had not been demonstrated using purified PKS and NRPS. In addition, HSAF has a 5,5,6-tricyclic system, and its gene cluster contains at least six genes.[3] Finally, unlike most PTM compounds, HSAF is produced by a Gramnegative bacterium, L. enzymogenes. Here, we report the heterologous production of HSAF analogs in Gram-positive Streptomyces hosts, in which the native PKS have been deleted. We also obtained evidence for the formation of the polyene tetramate intermediate in Streptomyces when only the single-module hybrid PKS-NRPS gene was expressed. Finally, we showed the in vitro production of the polyene tetramate using the individually purified PKS and NRPS. The results provide direct evidence for this iterative polyketide biosynthetic mechanism that is likely general for the PTM-type hybrid polyketide-peptides

High-efficiency removal of Pb (II) and Cu (II) by amidoxime functionalized silica aerogels: Preparation, adsorption mechanisms and environmental impacts analysis

In this work, a novel adsorbent was evaluated for eliminating heavy metal ions from water. The cyano-functionalized silica aerogels (ANSA-X) were fabricated by functionalizing silica aerogel with 2-cyanoethyltrie-thoxysilane, and then further by the reaction with hydroxylamine hydrochloride to obtain amidoxime-functionalized silica aerogels (AOSA-X) with a large specific surface area. The FTIR and NMR analysis indicated that cyano was successfully transformed into amidoxime groups. Adsorption experiments showed the adsorption performed well with the Langmuir isotherm, and AOSA3 exhibited the optimum adsorption property with 598.05 mg/g for Pb (II) and 534.10 mg/g for Cu (II). The thermodynamic results indicated that spontaneous endothermic process was the nature of the adsorption. The adsorption rate of AOSA3 was above 86% after five successive adsorption–desorption cycles. XPS analysis and DFT calculations demonstrated that the N and O atoms participated in the chelating adsorption of Pb (II) and Cu (II), and the N atom on the amidoxime groups played a dominant role. Life Cycle Analysis (LCA) evaluated the environmental effect of the preparation of 1 kg AOSA3 adsorbent, identified the environmental factors with high environmental impact, proposed alternative solutions, proved the feasibility of preparing a novel high-efficiency amidoxime-based adsorbent, and provided a guideline for the sustainable mass production of AOSA3 adsorbent. In conclusion, AOSA3 demonstrated to have promising application perspectives in heavy metal effluent treatment

Atrial natriuretic peptide and three-dimensional echocardiography after transcatheter closure of atrial septal defect

<p>Abstract</p> <p>Background</p> <p>Atrial septal defect (ASD) accounts for 10% of all congenital heart lesions and represent the third most congenital cardiac defect seen in adults. Atrial natriuretic peptide (ANP) is an important regulator of the sodium and volume homeostasis. This study was designed to investigate the changes in plasma ANP concentrations and three-dimensional echocardiography (3DE) measurements of cardiac volume in patients with ASD during transcatheter closure of defect.</p> <p>Methods</p> <p>Plasma ANP concentrations and transthoracic 3DE measurements of right ventricular volume were performed in 46 patients with ASD before closure, and at 3 days after closure. 22 healthy subjects matched for age, sex served as control subjects.</p> <p>Results</p> <p>The 46 patients (20 men, 26 women; mean age 26.32 ± 13.28, range 6 to 63 years) were diagnosed to secundum ASD (the stretched diameters of ASD were from 9~36(25.34 ± 7.80 mm), and had been successfully placed Amplatzer septal occluder (the sizes of occluder were from 11 to 40 mm). The results showed that compared with control subjects, plasma ANP concentrations were elevated in patients with ASD. Plasma ANP concentrations positively correlated significantly with pulmonary artery pressure (PAP) (r = 0.74, <it>p </it>< 0.05) and 3DE measurements of cardiac volumes (right ventricular end-diastolic (r = 0.50, <it>p </it>< 0.05) and end-systolic volume (r = 0.50, <it>p </it>< 0.05) and negatively correlated with RVEF (r = -0.38, <it>p </it>< 0.05). Transthoracic 3DE measurements of right ventricular volume and plasma ANP concentrations decreased significantly at 3 days after closure (<it>p </it>< 0.05) compared with it before closure.</p> <p>Conclusion</p> <p>Plasma ANP concentrations were markedly elevated in patients with pulmonary arterial hypertension and right ventricular volume overload and decreased significantly after closure of ASD. This study suggested that ANP may help to identify patients with ASD complicated by pulmonary arterial hypertension and right ventricular volume overload that demanded early intervention and may become effective marker for evaluating changes in cardiac load after transcatheter ASD closure.</p