#21
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Re: An experiment with riding a mutual fund manager
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[ QUOTE ] Would you expect risk-adjusted performance to be better than the fund itself, or just performance overall? I would expect only the latter. [/ QUOTE ] Define "risk adjusted performance." eastbay [/ QUOTE ] monthly excess reutns of fund / total fund standard deviation of monthly returns vs. monthly top 5 excess returns / top 5 standard deviation of monthly returns the poster is asking whether you will get a larger increase in standard deviation (or whatever appropriate risk measure you choose) than in absolute returns. Barron |
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