Portfolio evaluation, downside risk and an anomaly

Kochman, Ladd M.
June 1999
American Business Review;Jun99, Vol. 17 Issue 2, p53
Academic Journal
Argues that portfolios pay premiums that are sensitive to incomplete diversification and nonsymmetric returns. Fund net selectivity; Question on whether the use of beta sufficiently measures investors' risks; Comparison of three models on portfolio risk and return measures.


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