Does the Emperor Wear Clothes or Not? The Final Word (or Almost) on the Parable of Investment Management

Philip Halpern, Nancy Calkins and Tom Ruggels

Financial Analysts Journal, 1996, vol. 52, issue 4, 9-15

Abstract: A goal of many institutional investors is hiring active managers that will consistently beat the market. The question is, how can such managers be identified in advance? This article documents one institutional investor's experience with manager selection and offers some thoughts about why successful manager selection is such a challenge.

Date: 1996
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2469/faj.v52.n4.2006 (text/html)
Access to full text is restricted to subscribers.

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:taf:ufajxx:v:52:y:1996:i:4:p:9-15

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/ufaj20

DOI: 10.2469/faj.v52.n4.2006

Access Statistics for this article

Financial Analysts Journal is currently edited by Maryann Dupes

More articles in Financial Analysts Journal from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().