Achievable Alpha: Evaluating Mutual-Fund Performance for Shortsale-Constrained Investors
The piece argues that the traditional mutual fund performance measure, alpha, is unattainable for short-sale-constrained investors, suggesting a smaller, more achievable measure called achievable alpha.
Featured in No. 78 on 12 Dec 2024 · 1 day after release · 0 citations today
- Released
- 11 Dec 2024
- First featured
- No. 78 · 12 Dec 2024
- Citations (Semantic Scholar)
- 0
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- 0
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- 3
- Identifier
- SSRN 5052445
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).