Isbn: 9781334538612 - the investment performance of u. s. equity pension fund managers: an empirical investigation (classic reprint) (3 risultati)

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condizione: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condizione: New. Print on Demand. This book conducts an empirical examination into the selectivity and timing performance of a sample of US equity pension fund managers, offering an extensive analysis of the decisions managers make while investing equity pension funds. The author employs several alternative equity benchmark portfolios, allowing for a nuanced examination of how benchmark choice impacts results. The author finds that, regardless of the choice of benchmark portfolio or estimation model, the average selectivity measure is positive and the average timing measure is negative. Meta-analysis reveals some real variation around the mean values for each measure, and examination of probability intervals for selectivity reveal that the best managers delivered substantial risk-adjusted excess returns. The book's insights will be of great interest to researchers, investors and policymakers seeking to better understand the performance of US equity pension fund managers. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…