Measuring Performance in the Presence of Deposits and Withdrawals
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Measuring Performance in the Presence of Deposits and Withdrawals
In this paper, we show how the insights and mathematical results of Teichroew et al. can be used to provide investors with an intuitive and mathematically sound way of measuring performance in the presence of deposits and withdrawals.
Thomas Becker, Ph.D., University of Heidelberg, Germany
Measuring Performance in the Presence of Deposits and Withdrawals
In this paper, we show how the insights and mathematical results of Teichroew et al. can be used to provide investors with an intuitive and mathematically sound way of measuring performance in the presence of deposits and withdrawals.
Thomas Becker, Ph.D., University of Heidelberg, Germany
