Fundamentals of Corporate Finance
May 26, 2025
8:20 am
The long-awaited 12th edition of the standard work “Fundamentals of Corporate Finance” will be released mid-year.
Table of Contents
What happens when three minds from the International School of Finance | HfWU combine their expertise – one in wealth management, one in risk management, and one in data science?
- The result is one of the most comprehensive analyses of extreme events in the gold market over the past 50 years.
In our current paper (Commodities, October 2025), we demonstrate:
- How Extreme Value Theory (EVT) can be applied to 50 years of gold price data – from the oil crisis to the present
- Why classical normal distributions systematically underestimate risks
- And that gold is not only a "safe haven" but simultaneously an asset full of opportunities and dangers.
Using methods such as block maxima and peaks-over-threshold, combined with GARCH filters and programming, we show:
Gold fluctuates more strongly – and more asymmetrically – than many models anticipate. Yet it is precisely these extremes that make it fascinating.
Results
The findings are not only compelling for researchers but also provide practical insights for investors and regulators seeking to understand the long-term perspective of markets.
Intrigued?
You can find the article attached.
Portfolio Management | 2nd Edition
May 23, 2025
1:00 pm
In an increasingly volatile economic environment, systematic portfolio management is gaining more importance than ever.
Applications for the 2025/26 winter semester are now open
March 27, 2025
11:09 am
The starting signal has been given: From now on, you can apply for the limited places on the MBA Applied Quantitative Finance for the 2025/26 winter semester!
Derivatives – An Introduction to the World of Financial Products
March 27, 2025
10:38 am
No fear of derivatives – an easy introduction to the world of financial products
