The Evaluation of Active Manager Returns in a Non-Symmetrical Environment

Keyphrases

• Return Distribution 100%
• Non-axisymmetric 100%
• Asset Returns 50%
• Active Returns 50%
• Investment Managers 33%
• Higher Moments 33%
• Australia 16%
• Skewness 16%
• Japan 16%
• Canada 16%
• Performance Measures 16%
• Paper Documents 16%
• Capital Asset Pricing Model 16%
• Portfolio Performance 16%
• Kurtosis 16%
• Modern Portfolio Theory 16%
• Global Equity 16%
• Portfolio Risk 16%
• Managerial Performance 16%
• Second Moment 16%
• Fund Returns 16%
• Active Funds 16%
• First Moment 16%
• Equity Sectors 16%
• Fat Tails 16%
• Normal (Gaussian) Distribution 16%
• Performance Measurement Methods 16%

Economics, Econometrics and Finance

• Investors 100%
• Capital Market Returns 100%
• Portfolio Selection 66%
• Performance Measurement 33%
• Performance Measure ψ 33%
• Value Added 33%
• Capital Asset Pricing 33%
• Skewness 33%
• Kurtosis 33%