Superior stock picking is common among active equity fund managers. The reason stock picking skill is not detected by many performance studies is over-diversification, which overwhelms the superior performance of top holdings. Managers who do not over-diversify outperform by an … Continue reading
Investment Strategy can be used for peer selection in the contract renewal process. According to Management Practice, there have been three eras of peer selection: Investment Objective Investment Style Investment Strategy Click here to read the whole article.