Das, Praveen K.; Rao, S. P. Uma; Boudreaux, Denis O. - In: International Journal of Financial Research 6 (2015) 2, pp. 95-100
In this paper we examine whether Parnassus Workplace fund delivers superior return despite it restrictive screening based on workplace environment. We use bootstrap method to evaluate the financial performance of the fund. This bootstrap allows us to distinguish skill from luck. The distribution...