Chapter 14. Investment Performance: A Review and Synthesis

This chapter provides a perspective on the rapidly developing literature on investment performance evaluation. I use the stochastic discount factor approach to present and critique current performance measurement techniques in a unified setting. I offer a number of suggestions to improve performance measurement in future research. I also review recent research on the performance of mutual funds, hedge funds, pension funds, and other investment vehicles.

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Year of publication:	2013
Authors:	Ferson, Wayne E.
Published in:	Financial markets and asset pricing. - Amsterdam : North-Holland, Elsevier, ISBN 978-0-444-59406-8. - 2013, p. 969-1010
Subject:	Mutual funds \| Hedge funds \| Bond funds \| Stochastic discount factors \| Portfolio holdings \| Bootstrap \| Market efficiency \| Portfolio management \| Investmentfonds \| Investment Fund \| Portfolio-Management \| Portfolio selection \| Kapitaleinkommen \| Capital income \| Hedgefonds \| Hedge fund \| Kapitalanlage \| Financial investment \| Theorie \| Theory \| Effizienzmarkthypothese \| Efficient market hypothesis \| CAPM \| Rentenfonds \| Bond fund \| Anlageverhalten \| Behavioural finance \| Anleihe \| Bond \| Diskontierung \| Discounting

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Type of publication:	Article
Language:	English
Other identifiers:	10.1016/B978-0-44-459406-8.00014-7 [DOI]
Classification:	G11 - Portfolio Choice ; G14 - Information and Market Efficiency; Event Studies ; G23 - Pension Funds; Other Private Financial Institutions
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014025364