Risk policies for active asset managers
Authors: Brandolini, Dario1; Pallotta, Massimiliano; Zenti, Raffaele2
Source: Journal of Asset Management, Volume 4, Number 6, 1 April 2004 , pp. 407-414(8)
Publisher: Palgrave Macmillan
Abstract:
Recently in the asset management community, there has been a lot of attention given to techniques for estimating risk indicators. The authors' focus is on the use of risk indicators, that is, they concentrate on risk policies rather than on estimation techniques. The aim of this paper is to assess, from an empirical point of view, whether a risk policy based on the use of other risk indicators besides tracking error can improve the risk-adjusted relative performance of an actively managed equity portfolio.Journal of Asset Management (2004) 4, 407-414; doi:10.1057/palgrave.jam.2240119Document Type: Research article
DOI: 10.1057/palgrave.jam.2240119
Affiliations: 1: 1Asset Allocation and Strategy Department at Ras Asset Management 2: 2Ras Asset Management SGR SpA, Piazza Velasca 7/9 5th floor, 20122, Milano, Italy, Tel: +39 02 80 200 506/684/491, Fax: +39 02 80 200 239, Email: raffaele.zenti@ramsgr.it

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