SEB Merchant Banking provides to its institutional customers a true market neutral product called Dynamic Manager Alpha (DMA). The DMA is constructed by a long position in an exceptionally well performing mutual fund and a beta adjusted short position in an appropriate index. The key to making the product market neutral is adjusting with the correct beta, since the beta changes, it is very important to have a good model for predicting beta in the future.This master thesis begins with describing what beta is in a CAPM sense. It then continues with recognizing the so called ?Two Beta Trap?, which separates two kinds of beta.

SEB Merchant Banking provides to its institutional customers a true market neutral product called Dynamic Manager Alpha (DMA). The DMA is constructed by a long position in an exceptionally well performing mutual fund and a beta adjusted short position in an appropriate index. The key to making the product market neutral is adjusting with the correct beta, since the beta changes, it is very important to have a good model for predicting beta in the future.This master thesis begins with describing what beta is in a CAPM sense. It then continues with recognizing the so called ?Two Beta Trap?, which separates two kinds of beta.

Emissions of insufficiently treated wastewater, mainly blackwater (i.e. wastewater from toilets), contributes to the eutrophication of lakes and seas. At the same time, blackwater is a fraction with a low content of heavy metals and, after sanitization, it can recirculate plant nutrients to arable land using the liquid composting treatment method. Liquid composting means that organic material is degraded under aerobic conditions. For sanitization, the blackwater needs to be treated together with energy-rich complementary material.

Roads and railroads have significant impact on the surrounding landscape and the wildlife living in it. This study aims to provide an overview of the effects caused by railways to reindeer, roe deer and moose in Sweden in order to make more detailed assessments within this topic in the future. The method used is a study of literature on the subject and a synthesis of databases with information about wildlife mortalities, traffic intensity and fences in the study area; northern and central Sweden. The databases were used to compile digital maps using ArcGIS. Infrastructure brings change to the surrounding landscape and its function as habitat for wildlife. Railroads cause barrier effects such as fragmentation, wildlife mortality, loss of habitat and loss of connectivity.

Today there are over 100 000 stray cats in Sweden and of these 10 000 are found in Gothenburg. There are several instances that try to reduce the number of stray cats. The problem for stray cats is primarily the suffering they may face in hunger, cold, predators, diseases, parasites, accidents, etc. The cats receive no veterinary care and may die from a simple infection that easily can be cured with antibiotics. Stray cats also can spread diseases to domestic cats, be a sanitary problem and compete with other small predators on prey. Authorities working with stray cats are the Country Administrative Board and the police authority.

In fisheries, there is a long tradition to use catch data when evaluating changes in the stock and effects from harvesting. It is a common practice to use Catch Per Unit Effort (CPUE) as an index of population size, and several studies have investigated the properties of CPUE in relation to population abundance, spatial distribution and efficiency of gear. In research, catch rate on Trap-transects is used as an index of abundance for wildlife species but CPUE is rarely applied as a tool in harvest management.In 1993, more than 60 000 km2 of the state managed mountain range in Sweden was opened to the public for small game hunting, under the responsibility of the county administrative boards in Jämtland, Västerbotten and Norrbotten. The total area is now divided into 332 hunting units (median=73 km2) and an internet based system is used to administer licences and reporting bag statistic. Each hunter has to register the results within two weeks after the hunt.

Föroreningar av metaller är ett problem längs med kusterna, vilket har en negativ inverkan på vattenlevande organismer och miljön. Orsaken till detta beror till stor del på pågående utsläpp från tätorter, hamnar, industrier och på ?gamla synder (då det inte fanns några detaljerade miljölagar som reglerade spridningen av föroreningar från exempelvis industriprocesser)?. Utsläpp av föroreningar behöver inte bara komma lokalt utan kan också transporteras via avrinningsområdena och via atmosfäriskt nedfall. Idag arbetar länsstyrelsen med att invertera och sanera förorenade områden, men för att kunna ta reda på hur det ligger till med kusterna och hamnarna är sedimentprovtagningar ett måste.

There has always been global warming on earth and it is because of it that the earth is inhabitable. Without global warming the temperature on earth would be around -18 ° C instead of today's + 15 ° C. Global warming is generated by greenhouse gases like carbon dioxide and methane which Trap long wave radiation in the earth's atmosphere. The problem today is that the global concentration of green house gases has significantly increased since the 1750's as a result of human activity. Today's values widely exceed the preindustrial values.

Eutrophication of the Baltic Sea and Swedish lakes remains a major problem despite many years of effort to reduce the emissions of nutrients. One major source is waste water systems, especially private sewage systems. These sewages accounts for a very large share of nutrients per capita in comparison with citizens connected to larger sewage treatment plants. Norrtälje community has the greatest number of private sewage systems in Sweden. Discharges of nutrients, especially phosphorus, to the Baltic Sea from these sewage systems are significant.

This degree project studied surface waters on Kåbo Golf Course in Uppsala, Sweden, with the aim of determining the status of the water and how it is affected by the activities of the golf club, and to obtain suggestions of measures to create better conditions for the water environment on and around the golf course. The project forms part of the environmental protection work of Kåbo Golf Club, which is working towards achieving environmental certification from the Swedish Golf Association (SGF). The study is based on literature studies and quantitative and qualitative field studies of water on the golf course, with the focus on environmental factors identified as being important for the golf industry and on strategic environmental goals developed by SGF. The number of open water bodies in the Swedish landscape has substantially declined during the past 200 years, so it is important to save those that remain. This study showed that the surface water at Kåbo Golf Course is an important element in the surroundings since the area contains few wetlands, which can be a habitat for large numbers of species. The stream and ponds on Kåbo Golf Course also have the important function of serving as water hazards in the game and adding difficulty and variety to the course. Since Kåbo Golf Club wants its surface waters to look aesthetically appealing, extensive algal growth and drying up of ponds during parts of the year are regarded as problems.

Two field experiments were conducted in central Sweden in order to: 1) Determine a relationship between the number of approaching pine weevils (Hylobius sp.) and the number of attacks by pine weevils, in relation to the size of seedlings of Scots pine (Pinus sylvestris). 2) Determine if application of methyljasmonate (MJ) on seedlings of Scots pine will result in higher resistance towards attacks by pine weevils and/or have any effect on the number of approaching pine weevils. The field experiments were designed with two separate parts in close vicinity on the same clear cuttings: a) pitfall Traps placed in patches of scarified soil that caught approaching pine weevils at 2.5 cm from the bait, which consisted of different sized seedlings of Scots pine some of which were subjected to application of MJ and b) the same type of seedlings planted out in patches of scarified soil. The first field experiment was conducted on a 1-year old clear cutting outside Uppsala in east central Sweden and the Trapping part of the experiment consisted of 8 blocks with 6 treatments: 1) control, 2) small over-wintered seedling, 3) medium sized seedling, 4) medium sized seedling treated with 0.5 ml 100 mmol MJ 4 days prior to start of experiment, 5) large seedling, 6) vial with 9.5 ml of ?-pinene. The Trapping experiment lasted for 6 weeks in the early summer.