Watson, John; Wickramanayke, J.; Premachandra, I.M. - In: Managerial Finance 37 (2011) 2, pp. 94-116
of the efficiency figure. Efficiency is measured by looking at fund performance, fund cost, fund risk exposure and … manager ability over the period December 1990‐November 2005. Findings – The introduction to portfolio performance evaluation … of a new tool for evaluating fund performance (namely, the efficiency rating) is recommended. From a sample of Australian …