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How Active Are Managers in SA


  • Tony Bell

    (PeregrineQuant: Head of Marketing)

  • Maarten Ackerman

    (PeregrineQuant: Quantitative Analyst)


This paper seeks to provide a balanced perspective on the role that benchmarks play in the setting of investment policy, the degree to which asset managers deviate from these benchmarks in pursuit of adding value and the degree to which value is added. The findings of this occasional paper are also helpful in understanding the role that a quantitative manager fulfils and the degree to which quantitative and active judgemental asset managers should be viewed as having complimentary skills in the establishment of optimal fund structures and prudent investment policy

Suggested Citation

  • Tony Bell & Maarten Ackerman, 2002. "How Active Are Managers in SA," Finance 0202002, EconWPA.
  • Handle: RePEc:wpa:wuwpfi:0202002
    Note: Type of Document - Pdf; prepared on PC; to print on HP; pages: 5; figures: included. How active are managers

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    References listed on IDEAS

    1. Carhart, Mark M, 1997. " On Persistence in Mutual Fund Performance," Journal of Finance, American Finance Association, vol. 52(1), pages 57-82, March.
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    More about this item


    Active management Quantitative asset management PeregrineQuant investment Pension Funds;

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • F49 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Other
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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