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Performance Measurement

  • Peter Lückoff

Abstract

This chapter presents the methodologies used to determine the investment performance of fund managers. It is one of the most important but at the same time most complicated topics in delegated asset management to judge whether the portfolio manager added any value. The concepts presented here are used throughout this study to measure investment skills but also to evaluate the costs of other determinants such as agency conflicts, liquidity risk and capacity constraints.

Keywords

Abnormal Return Mutual Fund Hedge Fund Fund Manager Sharpe Ratio 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Gabler Verlag | Springer Fachmedien Wiesbaden GmbH 2011

Authors and Affiliations

  • Peter Lückoff

There are no affiliations available

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