Utilizing the Informal Economy: The Case of Chicago's Maxwell Street Market
University of Arizona, Department of Sociology
University of Illinois at Chicago, Department of Economics
KeywordsMaxwell Street (Chicago, Ill.) -- Economic conditions
Markets -- Illinois -- Chicago
Peddlers and peddling -- Illinois -- Chicago
Chicago (Ill.) -- Economic conditions
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RightsThe MASRC Working Paper Series © The Arizona Board of Regents
Collection InformationThe goal of the Mexican American Studies & Research Center's Working Paper Series is to disseminate recent research on the Mexican American experience. The Center welcomes papers from the social sciences, public policy fields, and the humanities. Areas of particular interest include economic and political participation of Mexican Americans, health, immigration, and education. The Mexican American Studies & Research Center assumes no responsibility for statements or opinions of contributors to its Working Paper Series.
Series/Report no.MASRC Working Paper Series; 23
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2017 Chicago Quantitative Alliance Investment Challenge: University of Arizona CQA Investment StrategyCederburg, Scott; To, Kham Hong; Hascalovici, Hilla; Bateman, Spencer; Recchion, Edward; Recchion, Charles (The University of Arizona., 2017)The CQA challenge is a 6 month competition that starts in October and ends in March. In this competition, student teams from 54 universities across the world are competing to build a long-short, market neutral equity portfolio that would generate the most risk-adjusted return in the given time horizon while operating under a few specific portfolio constraints. Each team is ranked against each other based on risk-adjusted return and sharpe ratio. Our team consisted of 5 senior finance students at the University of Arizona. Together, we developed our own unique market outlook and portfolio strategy in order to successfully invest $1,000,000 in (hypothetical) capital. We used industry tilts towards financials, energy, and consumer discretionary sectors and factor tilts towards momentum and value stocks as our main drivers of return while minimizing market exposure by keeping our beta between -0.25 and +0.25. The University of Arizona finished the competition in first place in overall portfolio ranking with a return of 12.23% and in fifth place for sharpe ratio at 1.43.
2016 CHICAGO QUANTITATIVE ALLIANCE INVESTMENT CHALLENGE: U OF A CQA TEAM - INVESTMENT STRATEGYSingh, Arvind; CARLSON, JONATHAN ANDERS (The University of Arizona., 2016)For my finance, honors thesis I participated in the 4th annual CQA Investment Challenge. The goal of the challenge is to successfully manage an equity long-short, market neutral portfolio (hedge fund). I worked on a team with three other guys from the Applied Portfolio Management class to invest and manage $20,000,000 of hypothetical money. Our investment horizon ran from October 30, 2015 – April 1, 2016. The stock universe we had access to was the Russell 1000, which mainly consists of the highest-ranking large cap stocks in the US equity market. Thirty-one teams from different universities were judged at the end of the competition on absolute return rank, adjusted return rank (the Sharpe ratio) and evaluation of the team video, which discussed investment strategy. The University of Arizona team achieved an absolute return of 6.47%, Sharpe ratio of 0.36 and abnormal return (alpha) of 20.05%. We finished with a ranking of 7th place out of 31 participating schools.