Showing 1 - 3 of 3
Persistent link: https://www.econbiz.de/10001603420
Persistent link: https://www.econbiz.de/10013197890
We introduce a decomposition showing precisely how actively-managed portfolio returns can be separated into three measurable components that we call Opportunity, Foresight, and Active Management Risk. Opportunity reflects the degree to which the investment opportunity set contains exploitable...
Persistent link: https://www.econbiz.de/10013133301