This article provides a review of the rapidly developing literature on investment performance evaluation. The goals are … clientele-specific measures of investment performance …

comprehensive and consistent analysis of investment returns for equities, bonds, bills, currencies and inflation, spanning sixteen …, and South Africa. Triumph of the Optimists is required reading for investment professionals, financial economists, and …

value, its investment policy should adjust endogenously to changes in investor preferences. It is hypothesized that … valuations ascribed to current cash flows. This endogenous adjustment in investment policy could help to explain why business … investment has remained so weak despite the large increase in business cash flows, the sharp drop in financing costs, and and the …