BROWSE

Manager Universe (Benchmark)

What is 'Manager Universe (Benchmark)'

A peer group of investment managers who have the same investment style. Manager universe data is often used for comparisons and evaluating the performances of money managers. This analysis may report information such as the returns each fund generates against other similiar styles.

Explaining 'Manager Universe (Benchmark)'

For example, a manager universe might consist of the subset of investment managers who manage large growth portfolios.

Evaluating investment performance using manager universe data has three major shortcomings:

First, it is difficult to compare managers, because they typically have different investment styles and change their investment styles periodically.


Second, manager universes are usually subject to survivorship bias, meaning that managers with poor performance records get dropped from the universe and the universe doesn't present a complete picture of all managers' performance.


Third, managers' rankings can change significantly from quarter to quarter because of market events and investment performance. Relying on manager universe data to evaluate a fund or portfolio's investment performance is, thus, an oversimplified approach. A benchmark portfolio provides a more accurate basis of comparison.


Further Reading


Is there a cost to being socially responsible in investing?
onlinelibrary.wiley.com [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …

Real estate portfolio benchmarkingReal estate portfolio benchmarking
aresjournals.org [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …

The economic implications of corporate financial reportingThe economic implications of corporate financial reporting
www.sciencedirect.com [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …

How active is your fund manager? A new measure that predicts performanceHow active is your fund manager? A new measure that predicts performance
academic.oup.com [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …

Does past performance matter in investment manager selection?Does past performance matter in investment manager selection?
jpm.pm-research.com [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …

Does it all add up? Benchmarks and the compensation of active portfolio managersDoes it all add up? Benchmarks and the compensation of active portfolio managers
www.jstor.org [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …

Performance of institutional Japanese equity fund managersPerformance of institutional Japanese equity fund managers
jpm.pm-research.com [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …

System and method for managing and updating information relating to economic entitiesSystem and method for managing and updating information relating to economic entities
patents.google.com [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …

Benchmarks as limits to arbitrage: Understanding the low-volatility anomalyBenchmarks as limits to arbitrage: Understanding the low-volatility anomaly
www.tandfonline.com [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …

Conditioning manager alphas on economic information: Another look at the persistence of performanceConditioning manager alphas on economic information: Another look at the persistence of performance
academic.oup.com [PDF]
… Vantage Global Advisors uses an unscreened 1300 stock universe in managing assets … conscious investing need not be a dumb idea but one should be attentive when selecting a socially screened mutual fund or manager. Performance can vary dramatically across managers …


Leave a Reply

Your email address will not be published. Required fields are marked *