Herold, Ulf; Maurer, Raimond - Fachbereich Wirtschaftswissenschaft, Goethe … - 2008
Structural positions are very common in investment practice. A structural position is defined as a permanent … provided in this article shows that whenever possible, structural positions should be avoided. Graphical illustrations based on … commonly used alpha – tracking error criterion is not sufficient for active management. In addition, structural positions …