7 research outputs found
Hedge fund market runs during financial crises
Hedge funds exit financial markets simultaneously after enormous
shocks, such as the global financial crisis. While previous studies
highlight only fund investorsâ synchronized withdrawals as the
major driver of massive asset liquidations, we primarily focus on
informed and rational fund managers and suggest a theoretical
model that illustrates fund managersâ synchronized market runs.
This study shows that the possibility of runs induces panic-based
market runs not because of systematic risk itself but because of
the fear of runs. We find that when the market regime changes
from a normal to a âbadâ state in which runs are possible, hedge
funds reduce their investments prior to runs. In addition, market
runs are more likely to occur in markets in which hedge funds
have greater market exposure and uninformed traders are more
sensitive to past price movement
MetalâOrganic Frameworks from Group 4 Metals and 2,5-Dihydroxyterephthalic Acid: Reinvestigation, New Structure, and Challenges Toward Gas Storage and Separation
The reactions of
group 4 metals (Ti, Zr, and Hf) and 2,5-dihydroxyterephthalic
acid (H<sub>4</sub>dobdc) under solvothermal conditions have been
systematically explored, and their major crystalline phases have been
investigated by single-crystal diffractions. TiÂ(IV) forms a layered
framework [Ti<sub>2</sub>(Hdobdc)<sub>3</sub>] where honeycomb-type
sheets are interconnected through strong hydrogen bonding. Various
gases are reversibly adsorbed within the straight one-dimensional
channels decorated with polar O atoms, and H<sub>2</sub> and CO<sub>2</sub> show relatively high isosteric heats of adsorption at 6.6
and 29.4 kJ/mol, respectively. ZrÂ(IV)- and HfÂ(IV)-based MOFs have
also been synthesized using the same ligand and are isostructural
with the formula (H<sub>3</sub>O)<sub><i>x</i></sub>[MÂ(dobdc)Â(bz)<sub><i>x</i></sub>] (M = Zr or Hf). They have a unique, nonoxo-trinuclear
building block that forms a polyhedral network of 6-connected topology.
Unlike the two-dimensional net of Ti, the Zr and Hf metalâorganic
frameworks are hydrothermally stable as unambiguously shown by variable-temperature
X-ray diffraction
Bistable and Porous MetalâOrganic Frameworks with Charge-Neutral <b>acs</b> Net Based on Heterometallic M<sub>3</sub>O(CO<sub>2</sub>)<sub>6</sub> Building Blocks
A CoÂ(II)âTiÂ(IV) heterometallic
approach is successfully
adopted to synthesize charge-neutral metalâorganic frameworks
based on oxo-centered trinuclear cluster and linear dicarboxylate
linkers. Unlike their homonuclear predecessors, the cobaltâtitaniumâorganic
frameworks not only display a permanent porosity but also show an
irreversible phase transition between two stable forms as unambiguously
characterized by single-crystal and powder X-ray diffraction studies
A Simple and Rational Approach for Binodal MetalâOrganic Frameworks with Tetrahedral Nodes and Unexpected Multimodal Porosities from Nonstoichiometric Defects
The
fact that asymmetrically substituted dicarboxylate is capable
of forming two different coordination modes is exploited to synthesize
a binodal metalâorganic framework containing tetrahedral nodes,
and thus [H<sub>2</sub>NÂ(CH<sub>3</sub>)<sub>2</sub>]<sub>2</sub>[Zn<sub>5</sub>(hbdc)<sub>6</sub>(dabco)<sub>2</sub>] (<b>1</b>) (hbdc
=2-hydroxyterephthalate, dabco =1,4-diazabicyclo[2.2.2]Âoctane) possesses
the (8,4)-coordinated fluorite topology. This simple approach is verified
by using symmetrically substituted ligand, 2,5-dihydroxyterephthalate
to synthesize a uninodal, 4-coordinated net whose tetrahedral nodes
lead to the rare lonsdaleite topology. It has been found that <b>1</b> readily loses some of the neutral ligand and cations during
the activation processes without collapsing the whole framework, and
multimodal porosities are observed due to the nonstoichiometric defects
Bistable and Porous MetalâOrganic Frameworks with Charge-Neutral <b>acs</b> Net Based on Heterometallic M<sub>3</sub>O(CO<sub>2</sub>)<sub>6</sub> Building Blocks
A CoÂ(II)âTiÂ(IV) heterometallic
approach is successfully
adopted to synthesize charge-neutral metalâorganic frameworks
based on oxo-centered trinuclear cluster and linear dicarboxylate
linkers. Unlike their homonuclear predecessors, the cobaltâtitaniumâorganic
frameworks not only display a permanent porosity but also show an
irreversible phase transition between two stable forms as unambiguously
characterized by single-crystal and powder X-ray diffraction studies
Heterologous Biosynthesis and Genomics-Driven Derivatization of Fungal Bioactive Sesterterpenoid Variecolin
The biosynthetic gene cluster of fungal bioactive sesterterpenoids, variecolin (1) and variecolactone (2), was identified in Aspergillus aculeatus ATCC 16872. Heterologous production of 1 and 2 was achieved in Aspergillus oryzae by expressing the sesterterpene synthase VrcA and the cytochrome P450 VrcB. Intriguingly, the replacement of VrcB with homologous P450s from other fungal terpenoid pathways yielded three new variecolin analogues, one of which exhibited potent anticancer activity comparable to that of 1