PI-0106 Performance Benchmarks for Institutional Investors : Measuring , Monitoring and Modifying Investment Behaviour

@inproceedings{Blake2001PI0106PB,
  title={PI-0106 Performance Benchmarks for Institutional Investors : Measuring , Monitoring and Modifying Investment Behaviour},
  author={David Blake and Allan Timmermann},
  year={2001}
}
The two main types of benchmarks used in the UK are external assetclass benchmarks and peer-group benchmarks. Peer-group tracking is much more prevalent with pension funds and mutual funds than with life funds. However, the use of customized benchmarks that reflect the specific objectives set by particular funds is increasing. Benchmarks influence the type of assets selected and, equally significantly, the type of assets avoided. Peer-group benchmarks have a tendency to distort behaviour… CONTINUE READING
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