Hallerbach, W.G.P.M.; Pouchkarev, I. - Erasmus Research Institute of Management (ERIM), ERIM … - 2005
market conditions whether this constraint is easily met or violated. Moreover, the performance of the portfolio depends on … benchmarks in order to appraise their performance. They should also be evaluated relative to the opportunity set of all … portfolios that can be formed under the same mandate – the portfolio opportunity set. The distribution of performance values …