Implied Measures of Relative Fund Performance

Implied Measures of Relative Fund Performance

We evaluate the relative performance of funds by conditioning their returns on the cross-section of portfolio characteristics across fund managers. Our implied procedure circumvents the need to specify benchmark returns or peer funds. Instead, fund-specific benchmarks for measuring selection and mar...

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Bibliographic Details
Main Authors: HOGAN, Steve, WARACHKA, Mitchell Craig
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2005
Subjects:
Performance Measurement
Relative Performance
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/1890
https://ink.library.smu.edu.sg/context/lkcsb_research/article/2889/viewcontent/WarachkaM2005EFA.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/1890
https://ink.library.smu.edu.sg/context/lkcsb_research/article/2889/viewcontent/WarachkaM2005EFA.pdf

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