From: HedgeWeek Newsletter
Published: November 18, 2005
“EDHEC and EuroPerformance have published the Alpha League Table — the first rankings of European asset management firms’ capacity to deliver alpha.
“The rankings provide a response to both academic and professional criticism directed at traditional fund ratings. These rely on relative rankings defined within categories that do not take the risks that were really taken by the manager over the analysis period into account and do not therefore allow the performance of active management to be evaluated and rewarded, whether the performance comes from stock picking or tactical allocation.”