Arugaslan, Onur; Edwards, Ed; Samant, Ajay - In: International Journal of Commerce and Management 17 (2008) 1/2, pp. 6-24
Purpose – This paper seeks to evaluate the risk‐adjusted performance of the largest US‐based equity mutual funds using rigorous analysis grounded in modern portfolio theory and present the results in a manner which is comprehensible to a lay investor. Design/methodology/approach – This...