标题: SS 17 [打印本页] 作者: cfalevel2011 时间: 2011-7-13 16:34 标题: SS 17
Qu 11 Reading 47 ask the following: If international investment managers as a group, beat some national market index what does it tell us about the performance of local investment managers?
Ans: If international investors as a group beat some national index it tells us that that local investors as a group probably underperformed the index.
Could someone explain the rationale behind the answer. Essentially I was wondering why it is that the good perfromance does not extend to local investment manager?作者: mar350 时间: 2011-7-13 16:34
This is the kind of simple commonsense checks that my manager does all the time. You present strategy results , and he will ask you to slice and dice it until he discovers a flaw or data or calculation error .based on counts , averages , excess returns etc.
