@TECHREPORT {SFB649DP2015-045,
  AUTHOR={H\"{a}rdle, Wolfgang Karl and Chuen, David Lee Kuo and Nasekin, Sergey and Ni, Xinwen and Petukhina, Alla},
  TITLE={{Tail Event Driven ASset allocation: evidence from equity and mutual fundsí markets}},
  YEAR=2015,
  INSTITUTION={Sonderforschungsbereich 649, Humboldt Universit\"{a}t zu Berlin, Germany},
  TYPE={SFB 649 Discussion Paper},
  NOTE={available at http://sfb649.wiwi.hu-berlin.de/papers/pdf/SFB649DP2015-045.pdf},
  NUMBER={2015-045}
}