Many investors contend that it is not possible to evaluate a manager's investment performance properly without taking

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Many investors contend that it is not possible to evaluate a manager's investment performance properly without taking portfolio risk into account in some fashion. Nevertheless, simple (not risk-adjusted) measures, such as peer group comparisons and portfolio drawdown, remain popular evaluation tools. Explain what information these simple performance measures offer to investors in the absence of explicit consideration of investment risk.

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Related Book For  answer-question

Investment Analysis and Portfolio Management

ISBN: 978-1305262997

11th Edition

Authors: Frank K. Reilly, Keith C. Brown, Sanford J. Leeds

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