Trabelsi, Mohamed Ali - Volkswirtschaftliche Fakultät, … - 2008
The performance measurement of portfolio managers is a topic of major importance in finance. The utility of performance … measures rests, indeed, on the hypothesis that funds whose performance is judged " good " (or " bad ") in the past, will … rational investors to choose to invest in the best " funds. It remains, nevertheless, to define a measure of performance that …