Bange, Mary M.; Khang, Kenneth; Miller Jr., Thomas W. - In: Journal of Empirical Finance 15 (2008) 3, pp. 363-386
We conduct performance tests of the recommended asset allocations made by a panel of international investment houses (the "Houses") from 1982 through 2005. We compare the returns and Sharpe Ratios from the recommended-weight portfolio against those of several benchmark portfolios and to a set of...
