Damian Handzy is global head of risk at StatPro, a London-based cloud provider of performance and risk analytics for the investment management industry.
Beta analysis has become a staple of the investment industry because it provides a simple way of encapsulating expectations about both relative return and relative risk.
But virtually all measures of beta assume that the fund and its benchmark have the same relationship when making money as when losing money. Possibly even more egregious is th
The week on Risk.net, June 16–22, 2017Receive this by email