Thoughts and Clarifications on Risk-adjusted Performance

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Thoughts and Clarifications on Risk-Adjusted Performance
David D. Spaulding, DPS, CIPM, The Spaulding Group

In this article, the author challenges the use of the term “risk-adjusted performance” as it is typically applied, and states that its use should be more circumspect. We’ve included an earlier article of the author’s to provide further details on what he believes to be the only true risk-adjusted performance measure, M-squared.

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The Journal of Performance Measurement

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