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dc.contributor.authorBagot, Gordon
dc.contributor.authorArmitage, Seth
dc.date.accessioned2007-08-03T08:11:33Z
dc.date.available2007-08-03T08:11:33Z
dc.date.issued2002
dc.identifier.urihttp://hdl.handle.net/1842/1834
dc.description.abstractIn many circumstances it is unsatisfactory to measure portfolio performance using time-weighted rates of return. There are well known problems with performance attribution analysis using time-weighted returns in a multi-interval context and it is impossible to measure the contribution of a portfolio's manager to the wealth of an individual investor. This paper shows that measurement of outcomes in terms of value solves the problems of multi-interval attribution analysis and enables precise customised assessment to be made of the manager's contribution for each investor. Working with values is also simple and transparent.en
dc.format.extent68987 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherManagement School and Economics. The University of Edinburghen
dc.relation.ispartofseriesCFMRen
dc.relation.ispartofseries02.05en
dc.subjectecononicsen
dc.titleWhat has the manager done for me? A value-based approach to performance analysis.en
dc.typeWorking Paperen


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