How well can multi-manager funds diversify?

Jürg Tobler-Oswald ()
Additional contact information
Jürg Tobler-Oswald: City of Zurich Pension Fund

Journal of Asset Management, 2008, vol. 9, issue 1, No 6, 66 pages

Abstract: Abstract Multi-manager concepts are popular among institutional investors as they promise to deliver a better risk-adjusted performance than a single manager, thanks to diversification. A new measure of diversification, the diversification ratio, is introduced, which complements the usually used correlation coefficient. The diversification ratio provides information on the persistence of diversification and enables the investor to evaluate the potential diversification two managers with given skills may possibly provide.

Keywords: diversification; correlation; multi-manager funds (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/jam.2008.4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:assmgt:v:9:y:2008:i:1:d:10.1057_jam.2008.4

Ordering information: This journal article can be ordered from
http://www.springer.com/finance/journal/41260

DOI: 10.1057/jam.2008.4

Access Statistics for this article

Journal of Asset Management is currently edited by Marielle de Jong and Dan diBartolomeo

More articles in Journal of Asset Management from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().