Optimal portfolios with end-of-period target

We study the estimation of optimal portfolios for a Reserve Fund with an end-of-period target and when the returns of the assets that constitute the Reserve Fund portfolio follow two specifications. In the first one, assets are split into short memory (bonds) and long memory (equity), and the optimality of the portfolio is based on maximizing the Sharpe ratio. In the second, returns follow a conditional heteroskedasticity autoregressive nonlinear model, and we study when the distribution of the innovation vector is heavy-tailed stable. For this specification, we consider appropriate estimation methods, which include bootstrap and empirical likelihood

Macdonald operators and homological invariants of the colored Hopf link

Using a power sum (boson) realization for the Macdonald operators, we investigate the Gukov, Iqbal, Kozcaz and Vafa (GIKV) proposal for the homological invariants of the colored Hopf link, which include Khovanov-Rozansky homology as a special case. We prove the polynomiality of the invariants obtained by GIKV's proposal for arbitrary representations. We derive a closed formula of the invariants of the colored Hopf link for antisymmetric representations. We argue that a little amendment of GIKV's proposal is required to make all the coefficients of the polynomial non-negative integers.Comment: 31 pages. Published version with an additional appendi

High-Field Magnetization of Some Mn Alloys(Magnetism)

We have made high-field magnetization measurements for some Mn alloys : ε-Mn_Ga with δ= -0.30, ε-(Mn_Fe_x)_3Sn with x=0.1 and 0.3, Fe_3Mn_4Ge_ and γ-(Mn_Fe_x)_Ga_y with x=0.44 and y=0.27. The ε-Mn_Ga has the hexagonal D0_ type structure and a distorted triangular antiferromagnetic spin structure. The hexagonal lattice is slightly distorted to an orthorhombic lattice at T_d of about 290 K with large magnetization. Pseudo-binary ε-(Mn_Fe_x)_3Sn has also the D0_ type structure, and the alloys with x has an hp13-type structure, and shows an antiferromagnetism below 470 K. The isothermal magnetization at 77 K shows a steep increase around 110 kOe, suggesting the metamagnetic transition. The γ-(Mn_Fe_x)_Ga_y is face centered cubic. The alloys with x=0.4～0.5 and y=0.27 show coexistence of an antiferromagnetic state and a ferromagnetic state below Neel temperature (T_N～300K), and a typical ferromagnetic behavior above T_N ( Curie temperature T_C>550 K). The magnetization of the coexisting state at 77 K in a field of 150 kOe was comparable to that of the ferromagnetic state at 300 K

Changes in growth of marbled sole Pseudopleuronectes yokohamae between high and low stock-size periods in Tokyo Bay, Japan

We examined the age and growth of the marbled sole Pseudopleuronectes yokohamae collected from Tokyo Bay, Japan, during two study periods between 2002 and 2008, when the stock size was consistently low. The von Bertalanffy growth equations were found to differ significantly between sexes, and females attained a larger standard length than males of the same age. These results were then compared with those reported for 1974?1983 and 1986?1988, two study periods when the stock size was high. The growth of both sexes of marbled sole in Tokyo Bay during the 2000s was found to be significantly higher than that in the 1970s and 1980s. To explore possible factors causing these changes in the growth, we examined bottom water temperature and population density. We found that the population density decreased and the bottom water temperature increased between the late 1970s and the late 2000s. However, despite evidence of changes in population densities and water temperatures, further study is needed to determine the main factors causing the observed changes in growth

Contamination of organotin compounds and endocrine disruption in gastropods

Abstracts of 2nd UNU-ORI joint international workshop for marine environment第2回海洋環境国際ワークショップ講演要