; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "A Contingent Claim Approach to Performance Evaluation"; ; "batchuser@example.com"; "Jagannathan, Ravi", "Glosten, Lawrence R."; "Federal Reserve Bank of Minneapolis"; "We show that valuing performance is equivalent to valuing a particular contingent claim on an index portfolio. In general the form of the contingent claim is not known and must be estimated. We suggest approximating the contingent claim by a series of options. We illustrate the use of our method by evaluating the performance of 130 mutual funds during the period 1968–82. We find that the relative performance rank of a fund is rather insensitive to the choice of the index, even though the actual value of the services of the portfolio manager depends on the choice of the index."^^; "1993-07"; "2019-09-14T01:54:03.696316006+00:00"^^; "https://doi.org/10.21034/sr.159"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:11:16 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "365", "274"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "159"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; "Published in: _Journal of Empirical Finance_ (Vol. 1, Issue 2, January 1994, pp. 133-160) https://doi.org/10.1016/0927-5398(94)90001-9."^^; ; "Publication" . ; .