Wednesday, January 20, 2016


Benchmarking Benchmarks: Much Ado About Nothing

By Yuliya Plyakha, University of Luxembourg, Luxembourg School of Finance

Conventional wisdom holds that choosing a benchmark is one of the most important aspects in evaluating an investment strategy's performance. There is a great deal of academic research to support the use of a traditional, value-based benchmark, but fundamentals-based and optimization-based benchmarks have been put forth as superior alternatives. Comparing the three in “Benchmarking Benchmarks: Much Ado About Nothing,” Yuliya Plyakha, (University of Luxembourg, Luxembourg School of Finance) finds little real difference. Regardless of the benchmark used, portfolio managers are still looking at the same underlying data.

Download the full article here.

From the January 2016 issue of Barclay's Insider Report. Accredited investors can subscribe to the full newsletter for free.

Labels: , , , , , , ,

<< Home

Copyright © 2010 by Barclay Hedge

This page is powered by Blogger. Isn't yours? Subscribe by RSS Subscribe by Atom

Subscribe to Posts [Atom]