2   Artículos

 
en línea
Ney Roberto Ottoni de Brito,Alexandre Bona,Affonso Tarciro, Jr.     Pág. pp. 119 - 136
Active funds are typically managed by placing bets against a well defined passive bench-mark. In this context, when examining the launching of a new actively managed fund with a target expected excess rate of return relative to the benchmark equal to µ, ... ver más
Revista: Revista Brasileira de Finanças    Formato: Electrónico

 
en línea
Ney Roberto Ottoni de Brito     Pág. pp. 1 - 17
MERTON (1981) examines the creation of value by fund managers selecting between stocks and fixed income instruments through market timing. HENRIKSON and MERTON (1981) proceed to propose empirical tests of funds and manager performance in market timing. B... ver más
Revista: Revista Brasileira de Finanças    Formato: Electrónico

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