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We establish mean curvature estimate for immersed hypersurface with nonnegative extrinsic scalar curvature in Riemannian manifold $(N^{n+1}, \bar g)$ through regularity study of a degenerate fully nonlinear curvature equation in general Riemannian manifold. The estimate has a direct consequence for the Weyl isometric embedding problem of $(\mathbb S^2, g)$ in $3$-dimensional warped product space $(N^3, \bar g)$. We also discuss isometric embedding problem in spaces with horizon in general relativity, like the Anti-de Sitter-Schwarzschild manifolds and the Reissner-Nordstr\"om manifolds.

No abstract uploaded!

No abstract uploaded!

This article introduces the large portfolio selection using gross-exposure constraints. It shows that with gross-exposure constraints, the empirically selected optimal portfolios based on estimated covariance matrices have similar performance to the theoretical optimal ones and there is no error accumulation effect from estimation of vast covariance matrices. This gives theoretical justification to the empirical results by Jagannathan and Ma. It also shows that the no-short-sale portfolio can be improved by allowing some short positions. The applications to portfolio selection, tracking, and improvements are also addressed. The utility of our new approach is illustrated by simulation and empirical studies on the 100 FamaFrench industrial portfolios and the 600 stocks randomly selected from Russell 3000.