A conference (in French) jointly organised by Edhec and EuroPerformance
Getting the Best out of a Style
Identifying the best managers implies taking the risk and management style into account when measuring performance. Risk-adjusted performance is based on multifactor models that examine all portfolio risks and assess the normal returns arbitrated by the market, thereby enabling the excess performance (alpha) to be measured in relation to the risks taken by the manager.
Today, the notion of management style is widely accepted by professionals in collective investment. Some managers categorise themselves as being "value" or "growth". However, managers rarely have a pure style, which is why it is necessary to apply an approach that allows for the creation of benchmarks that are truly representative of the management strategies followed.
Thus, it would not be fair to compare the performance of a manager following a very distinct style to that of an index representing the whole of the market, nor to one corresponding to a different style. In response to these challenges, EuroPerformance and Edhec began research into performance measurement and style analysis in 2002. This work has led to the creation of a fund rating method that takes into account risk-adjusted performance, as well as the persistence of the results.
Programme
17:30
Registration
17:45
Introduction
Frédéric Picard
Managing Director, EuroPerformance Groupe Fininfo
Olivier Oger
Managing Director, EDHEC Business School
18:00
The EuroPerformance-Edhec Style Ratings
- Responding to the challenge of rating investment fund performance
Noël Amenc
Professor of Finance at Edhec Business School
Director of the Edhec Risk and Asset Management Research Centre
- Results for the French market
Jean Loup Fenaux
Director of Development, EuroPerformance Groupe Fininfo
Conclusion
Frédéric Picard
Managing Director, EuroPerformance Groupe Fininfo
19:00
Refreshments
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Event Details |
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| When | Between 24/11/2004 05:30 PM and 24/11/2004 07:00 PM | |||
| Where | "Étoile Saint-Honoré" conference centre - 21/25, rue Balzac - 75008 Paris | |||
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Contact Details |
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| Name | Carolyn Essid | |||
| carolyn.essid@edhec-risk.com | ||||
| Phone | +33 (0)4 92 96 89 50 | |||
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