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Achievable Alpha: Evaluating Mutual-Fund Performance for Shortsale-Constrained Investors

The piece argues that the traditional mutual fund performance measure, alpha, is unattainable for short-sale-constrained investors, suggesting a smaller, more achievable measure called achievable alpha.

Featured in No. 78 on 12 Dec 2024 · 1 day after release · 0 citations today

Released
11 Dec 2024
First featured
No. 78 · 12 Dec 2024
Citations (Semantic Scholar)
0
Influential citations
0
Published in
Not yet, as far as Semantic Scholar knows
Shares when featured
3
Identifier
SSRN 5052445

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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