Outside the Box
| 01 September 2005
Link to Article- Authors: Callahan and Howard
- Publication: Investment Advisor
- Publication Date: September 2005
- Intro: Equity managers are commonly hired to represent a particular "style" box that limits them to picking stocks with certain characteristics, like small-cap value or large-cap growth. An extensive literature search reveals that this system has no empirical basis, however, but simply evolved out of convenience.