WebSite Logo
  • Content
  • Similar Resources
  • Metadata
  • Cite This
  • Log-in
  • Fullscreen
Log-in
Do not have an account? Register Now
Forgot your password? Account recovery
  1. Financial Markets and Portfolio Management
  2. Financial Markets and Portfolio Management : Volume 22
  3. Financial Markets and Portfolio Management : Volume 22, Issue 1, March 2008
  4. Implied measures of relative fund performance
Loading...

Please wait, while we are loading the content...

Financial Markets and Portfolio Management : Volume 31
Financial Markets and Portfolio Management : Volume 30
Financial Markets and Portfolio Management : Volume 29
Financial Markets and Portfolio Management : Volume 28
Financial Markets and Portfolio Management : Volume 27
Financial Markets and Portfolio Management : Volume 26
Financial Markets and Portfolio Management : Volume 25
Financial Markets and Portfolio Management : Volume 24
Financial Markets and Portfolio Management : Volume 23
Financial Markets and Portfolio Management : Volume 22
Financial Markets and Portfolio Management : Volume 22, Issue 4, December 2008
Financial Markets and Portfolio Management : Volume 22, Issue 3, September 2008
Financial Markets and Portfolio Management : Volume 22, Issue 2, June 2008
Financial Markets and Portfolio Management : Volume 22, Issue 1, March 2008
Editorial
The Greenspan years: an analysis of the magnitude and speed of the equity market response to FOMC announcements
Return enhancement trading strategies for size based portfolios
Implied measures of relative fund performance
Continuous-time delegated portfolio management with homogeneous expectations: can an agency conflict be avoided?
Eric Jondeau, Ser-Huang Poon, Michael  Rockinger (eds.): Financial modeling under non-Gaussian distributions
Jim Gatheral: The volatility surface, a practitioner’s guide
Financial Markets and Portfolio Management : Volume 21
Financial Markets and Portfolio Management : Volume 20
Financial Markets and Portfolio Management : Volume 19
Financial Markets and Portfolio Management : Volume 18
Financial Markets and Portfolio Management : Volume 17
Financial Markets and Portfolio Management : Volume 16
Financial Markets and Portfolio Management : Volume 15

Similar Documents

...
Optimal portfolio choice and consistent performance

Article

...
A note on portfolio choice for sovereign wealth funds

Article

...
Active Portfolio Management, Implied Expected Returns, and Analyst Optimism

Article

...
Resampled efficiency and portfolio choice

Article

...
Implied measures of relative fund performance∗ (2004).

...
A Comparison of Bank and Non-bank Funds in the French Market

Article

...
Continuous-time delegated portfolio management with homogeneous expectations: can an agency conflict be avoided?

Article

...
Martingales and Portfolio Decisions: A User’s Guide

Article

...
Do venture capitalists imitate portfolio size?

Article

Implied measures of relative fund performance

Content Provider Springer Nature Link
Author Hogan, Steve Warachka, Mitch
Copyright Year 2007
Abstract 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 market timing ability are constructed. This technique is robust to herding as well as window dressing and mitigates survivorship bias. Empirically, the conditional information contained in portfolio weights defined by industry sectors, assets, and geographical regions is important to the assessment of fund management. For each set of portfolio characteristics, we identify funds with success at either selecting securities or timing-the-market.
Starting Page 47
Ending Page 66
Page Count 20
File Format PDF
ISSN 15554961
Journal Financial Markets and Portfolio Management
Volume Number 22
Issue Number 1
e-ISSN 1555497X
Language English
Publisher Springer US
Publisher Date 2007-12-19
Publisher Place Boston
Access Restriction One Nation One Subscription (ONOS)
Subject Keyword Portfolio Choice; Investment Decisions Relative performance Fund management Management Finance /Banking Business/Management Science
Content Type Text
Resource Type Article
  • About
  • Disclaimer
  • Feedback
  • Sponsor
  • Contact
  • Chat with Us
About National Digital Library of India (NDLI)
NDLI logo

National Digital Library of India (NDLI) is a virtual repository of learning resources which is not just a repository with search/browse facilities but provides a host of services for the learner community. It is sponsored and mentored by Ministry of Education, Government of India, through its National Mission on Education through Information and Communication Technology (NMEICT). Filtered and federated searching is employed to facilitate focused searching so that learners can find the right resource with least effort and in minimum time. NDLI provides user group-specific services such as Examination Preparatory for School and College students and job aspirants. Services for Researchers and general learners are also provided. NDLI is designed to hold content of any language and provides interface support for 10 most widely used Indian languages. It is built to provide support for all academic levels including researchers and life-long learners, all disciplines, all popular forms of access devices and differently-abled learners. It is designed to enable people to learn and prepare from best practices from all over the world and to facilitate researchers to perform inter-linked exploration from multiple sources. It is developed, operated and maintained from Indian Institute of Technology Kharagpur.

Learn more about this project from here.

Disclaimer

NDLI is a conglomeration of freely available or institutionally contributed or donated or publisher managed contents. Almost all these contents are hosted and accessed from respective sources. The responsibility for authenticity, relevance, completeness, accuracy, reliability and suitability of these contents rests with the respective organization and NDLI has no responsibility or liability for these. Every effort is made to keep the NDLI portal up and running smoothly unless there are some unavoidable technical issues.

Feedback

Sponsor

Ministry of Education, through its National Mission on Education through Information and Communication Technology (NMEICT), has sponsored and funded the National Digital Library of India (NDLI) project.

Contact National Digital Library of India
Central Library (ISO-9001:2015 Certified)
Indian Institute of Technology Kharagpur
Kharagpur, West Bengal, India | PIN - 721302
See location in the Map
03222 282435
Mail: support@ndl.gov.in
Sl. Authority Responsibilities Communication Details
1 Ministry of Education (GoI),
Department of Higher Education
Sanctioning Authority https://www.education.gov.in/ict-initiatives
2 Indian Institute of Technology Kharagpur Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project https://www.iitkgp.ac.in
3 National Digital Library of India Office, Indian Institute of Technology Kharagpur The administrative and infrastructural headquarters of the project Dr. B. Sutradhar  bsutra@ndl.gov.in
4 Project PI / Joint PI Principal Investigator and Joint Principal Investigators of the project Dr. B. Sutradhar  bsutra@ndl.gov.in
Prof. Saswat Chakrabarti  will be added soon
5 Website/Portal (Helpdesk) Queries regarding NDLI and its services support@ndl.gov.in
6 Contents and Copyright Issues Queries related to content curation and copyright issues content@ndl.gov.in
7 National Digital Library of India Club (NDLI Club) Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach clubsupport@ndl.gov.in
8 Digital Preservation Centre (DPC) Assistance with digitizing and archiving copyright-free printed books dpc@ndl.gov.in
9 IDR Setup or Support Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops idr@ndl.gov.in
I will try my best to help you...
Cite this Content
Loading...