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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.



Frédéric Picard
Managing Director, EuroPerformance Groupe Fininfo
Olivier Oger
Managing Director, EDHEC Business School

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
Frédéric Picard
Managing Director, EuroPerformance Groupe Fininfo

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