Abstract

http://ssrn.com/abstract=1998131
 


 



The Unfair Comparison


Raymond Wai Pong Yuen


Independent

September 19, 2012


Abstract:     
This paper discusses the rooms for improvement for comparison of fund manager performance with market index benchmark after considering the factors of bid ask spread, market impact, slippage, survival bias, taxation, forex spread, forced buying, cash drag, forced cash in, transaction cost, net of fee, investment mandate, and risk control.

Number of Pages in PDF File: 7

Keywords: benchmark, market index, comparison, investment, fund performance, fund accounting, performance attribution, bid ask spread, market impact, slippage, survival bias, taxation, forex spread, forced buying, cash drag, forced cash in, transaction cost, net of fee, investment mandate

JEL Classification: M49

working papers series





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Date posted: March 26, 2012 ; Last revised: October 10, 2012

Suggested Citation

Yuen, Raymond Wai Pong, The Unfair Comparison (September 19, 2012). Available at SSRN: http://ssrn.com/abstract=1998131 or http://dx.doi.org/10.2139/ssrn.1998131

Contact Information

Raymond Wai Pong Yuen (Contact Author)
Independent ( email )
No Address Available
United States
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