1 - 7 of 7 articles
Abstract This paper investigates persistence in the performance of UK institutional pension fund managers. In particular, it questions to what extent managers succeed in beating their benchmark over longer time periods and, hence, whether ‘winners’ can be identified on the basis of past...
Abstract The psychology of risk explains a great deal about the manner in which all types of investors, from individuals to plan sponsors, structure portfolios. In this paper, I draw on core ideas in behavioural decision making to explain the psychology that underlies the use of benchmarks in...
Abstract Style concepts and style practices are currently becoming popular in the UK as well as across Europe and the Eurozone. Yet, within these markets, the relevance and usefulness of style techniques has yet to be demonstrated. This paper reviews the generic range of style techniques...
Abstract Previous research into market timing has been concerned with measuring investment performance of a portfolio when the manager of the portfolio has market timing ability. This paper seeks to analyse the problem from the manager's perspective by determining how accurate the manager has to...
Abstract We examine the performance of all UK unit trusts that concentrate their investments in UK equities. This study covers the period from January 1978 to December 1997. We compare the returns of these unit trusts with a three-factor model which takes into account their exposure to market,...
Abstract This paper attempts to shed light on the ‘black box’ called hedge funds via the style analysis technique developed by Sharpe (1992). The conventional style analysis cannot be directly applied to hedge funds as it imposes two constraints: first, the style weights have to be non-negative,...
Read and print from thousands of top scholarly journals.
Continue with Facebook
Log in with Microsoft
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Sign Up Log In
To subscribe to email alerts, please log in first, or sign up for a DeepDyve account if you don’t already have one.
To get new article updates from a journal on your personalized homepage, please log in first, or sign up for a DeepDyve account if you don’t already have one.