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Performance Measurement and Manager Selection : Darden School of Business , August 24, , 2021

August 24, 2021

Darden School of Business

This note explores the selection of investment managers and the performance-measurement tools associated with this important task. In selecting investment options for a firm's 401(k) plan, identifying possible managers to oversee a portion of an endowment's or foundation's investment portfolio, or a retail investor's decision of which fund to choose for their regular investment account, investment performance is likely to play an important role. In this technical note, we explore a number of different performance measures that may be used to select managers, including total return, alpha, and information ratio, and a key risk measurement used in this approach, tracking error.”

Authors - Evans, Richard B.


Evans, Richard B.


Darden School of Business

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