March 2010
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
Posted in Athena Research Center
Tagged Active Management, Athena, Howard, Investment Strategy, SSRN, Stock Picking
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.
Posted in Active Equity Exchange
Tagged Athena, Governance, Investment Strategy, Management Practice, Peer Selection