Cumby, Robert E; Glen, Jack D - In: Journal of Finance 45 (1990) 2, pp. 497-521
In this paper, the authors examine the performance of a sample of fifteen U.S.-based internationally diversified mutual funds between 1982 and 1988. Two performance measures are used, the Jensen measure and the positive period weighting measure proposed by Mark Grinblatt and Sheridan Titman....