EDHEC-Risk Concept Industry Analysis Featured Analysis Latest EDHEC-Risk Surveys Features Interviews Indexes and Benchmarking FTSE EDHEC-Risk Efficient Index Series FTSE EDHEC-Risk ERAFP SRI Index EDHEC-Risk Alternative Indexes EDHEC IEIF Quarterly Commercial Property Index (France) Hedge Fund Index Research Equity Index Research Amundi "ETF, Indexing and Smart Beta Investment Strategies" Research Chair Rothschild & Cie "Active Allocation to Smart Factor Indices" Research Chair Index Regulation and Transparency ERI Scientific Beta Performance and Risk Reporting Hedge Fund Performance Performance Measurement for Traditional Investment CACEIS "New Frontiers in Risk Assessment and Performance Reporting" Research Chair Asset Allocation and Alternative Diversification Real Assets Meridiam Infrastructure/Campbell Lutyens "Infrastructure Equity Investment Management and Benchmarking" Research Chair Natixis "Investment and Governance Characteristics of Infrastructure Debt Instruments" Research Chair Société Générale Prime Services (Newedge) "Advanced Modelling for Alternative Investments" Research Chair CME Group "Exploring the Commodity Futures Risk Premium: Implications for Asset Allocation and Regulation" Strategic Research Project Asset Allocation and Derivative Instruments Volatility Research Eurex "The Benefits of Volatility Derivatives in Equity Portfolio Management" Strategic Research Project SGCIB "Structured Investment Strategies" Research ALM and Asset Allocation Solutions ALM and Private Wealth Management AXA Investment Managers "Regulation and Institutional Investment" Research Chair BNP Paribas Investment Partners "ALM and Institutional Investment Management" Research Chair Deutsche Bank "Asset-Liability Management Techniques for Sovereign Wealth Fund Management" Research Chair Lyxor "Risk Allocation Solutions" Research Chair Merrill Lynch Wealth Management "Risk Allocation Framework for Goal-Driven Investing Strategies" Research Chair Ontario Teachers' Pension Plan "Advanced Investment Solutions for Liability Hedging for Inflation Risk" Research Chair Non-Financial Risks, Regulation and Innovations Risk and Regulation in the European Fund Management Industry Index Regulation and Transparency Best Execution: MiFID and TCA Mitigating Hedge Funds Operational Risks FBF "Innovations and Regulations in Investment Banking" Research Chair EDHEC-Risk Publications All EDHEC-Risk Publications EDHEC-Risk Position Papers IPE EDHEC-Risk Institute Research Insights AsianInvestor EDHEC-Risk Institute Research Insights P&I EDHEC-Risk Institute Research for Institutional Money Management Books EDHEC-Risk Newsletter Events Events organised by EDHEC-Risk Institute EDHEC-Risk Smart Beta Day Amsterdam 2017, Amsterdam, 21 November, 2017 EDHEC-Risk Smart Beta Day North America 2017, New York, 6 December, 2017 Events involving EDHEC-Risk Institute's participation EDHEC-Risk Institute Presentation Research Programmes Research Chairs and Strategic and Private Research Projects Partnership International Advisory Board Team EDHEC-Risk News EDHEC-Risk Newsletter EDHEC-Risk Press Releases EDHEC-Risk in the Press Careers EDHEC Risk Institute-Asia EDHEC Business School EDHEC-Risk Executive Education EDHEC-Risk Advances in Asset Allocation Blended Learning Programme 2017-2018 Yale School of Management - EDHEC-Risk Institute Certificate in Risk and Investment Management Yale SOM-EDHEC-Risk Harvesting Risk Premia in Alternative Asset Classes and Investment Strategies Seminar, New Haven, 5-7 February, 2018 Investment Management Seminars Contact EDHEC-Risk Executive Education Contact Us ERI Scientific Beta EDHEC PhD in Finance
Performance Presentation of the EuroPerformance-Edhec Style Ratings 24th November, 2004 - Paris, France


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
18:45
Conclusion
Frédéric Picard
Managing Director, EuroPerformance Groupe Fininfo


19:00
Refreshments
Event Details
  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
 
Contact Details
  Name   Carolyn Essid
E-mail   carolyn.essid@edhec-risk.com
Phone   +33 (0)4 92 96 89 50