Encontrado 1 documento, a visualizar página 1 de 1

Conditional models in performance evaluation of investment funds in Portugal: s...

Investment funds’ performance evaluation is one area of finance which has observed many developments over the past 40 years. In this field, traditional techniques of evaluation have not made use of models of conditional returns. These approaches do not allow for the temporal dependence of expected returns. To overcome this problem, Ferson and Schadt (1996) developed a new conditional performance evaluation ...