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Browsing Best Test by Author "Van Vuuren, J. H."

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    Quantifying the role of personal management style in the success of investment portfolios
    (Operations Research Society of South Africa, 2002) Wagenaar, E. A.; Van Vuuren, J. H.
    It is extremely difficult to quantify the effect of different management styles of portfolio managers upon the success of their portfolios. Various mathematical models in the literature attempt to predict the risk and returns of portfolios according to changes in the economic arena, but these models usually do not take into account the personal styles of portfolio managers. The aim of this paper is a modest attempt at quantifying the effect of different managerial styles upon decisions regarding portfolios. This is accomplished by the formulation of a mathematical performance index that portrays the influence of a portfolio manager's personal and managerial characteristics on the success of his portfolio.