Alpha Producing Capabilities of Mutual Fund Managers.

      Аннотация: Are mutual funds providing their investors with an adequate risk-adjusted return? Or the fund managers fail in delivering on their promise? The book reveals whether fund managers yield superior returns when benchmarked against passive investments - indices such as S&P 500, FTSE 100, or DAX. The author uses real investment funds data and provides a robust case based on quantitative research methodology.

Ключевые слова: attribution, Financial Management, investment funds, Jensen's alpha, return, risk, sharpe ratio, Treynor Ratio, Volatility, Portfolio Performance Evaluation