Assessing the Value in Asset Allocation


Author: Philllip M. Dolan

Assessing the Value in Asset Allocation

Even fully managed funds are subject to restrictions-by portfolio weightings, geographical boundaries, or a client's risk tolerance.  How can a benchmark fairly judge a manager's ability to allocate assets under such conditions?  The author proposes a method for calculating how much added value a manager's allocations actually bring to a fund.



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