Almost 10,000 European mutual funds analysed

Nice, February 27th, 2007
Press Release
Almost 10,000 European mutual funds analysed by the
EuroPerformance-EDHEC Style Rating database
Having progressively extended its coverage in Europe from France to Switzerland, Spain,
Italy and the UK, EuroPerformance and EDHEC's European fund rating method based on
alpha, the EuroPerformance-EDHEC Style Rating, now analyses almost 10,000 European
mutual funds and rates over 7,200 funds.
The rating of mutual funds provides an answer to a legitimate expectation on the part of
investors and their consultants, who are increasingly demanding with regard to the relevance
and methodological rigour of the performance evaluation system implemented. The
classifications of the main rating services on the market no longer meet the principles of
reliability demanded by both investors and management companies.
These demands are the following:
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•
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Genuine integration of risk in performance measurement
Measuring performance persistence
Robustness and reliability of the results obtained
Transparency and legibility of the ratings
The EuroPerformance-EDHEC Style Ratings are put together from criteria that respond to
these requirements:
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Risk-adjusted performance (or alpha), measured first by selecting the style indices that
represent the strategic allocation and therefore the risks taken over the rating period
and then by calculating the fund’s excess performance while taking the risks to which
it was really exposed into account;
Potential extreme loss, through the concept of Value-at-Risk (VaR), which allows all
the portfolio risks spread between several asset classes to be summed up in a single
value;
Performance persistence, with the gain frequency, which identifies the managers who
“repeat” their performance; and the Hurst exponent, which is a measure of the
steadiness of the outperformance.
Contact:
For more information, please contact: Carolyn Essid
Tel.: +33 (0)4 93 18 78 24 – E-mail: [email protected]
EDHEC
RISK
AND
A SSET M ANAGEMENT R ESEARCH C ENTRE
393-400 Promenade des Anglais - BP 3116 - 06202 Nice Cedex 3 - France
Tel. +33 (0)4 93 18 78 24 - Fax +33 (0)4 93 18 78 40
www.edhec-risk.com
About EDHEC and EuroPerformance
EDHEC is one of the leading French and European business schools. It ranked 7th in the
Financial Times “Masters in Management” Rankings in 2006. With 33 professors, engineers
and associate researchers, the EDHEC Risk and Asset Management Research Centre is the
leading European research centre in asset management.
EuroPerformance, a European fund rating agency, is a subsidiary of the FININFO group, the
leading financial information firm in France. A specialist in data collection, EuroPerformance
has developed tools with considerable value-added in the areas of performance and risk
analysis through a broad referential database of European funds.
EDHEC
RISK
AND
A SSET M ANAGEMENT R ESEARCH C ENTRE
393-400 Promenade des Anglais - BP 3116 - 06202 Nice Cedex 3 - France
Tel. +33 (0)4 93 18 78 24 - Fax +33 (0)4 93 18 78 40
www.edhec-risk.com
Nom du document : PR_070227_AlphaLeagueTable.doc
Répertoire :
C:\Documents and Settings\O_COEURDEROY\Mes
documents\EDHEC\Actualites - RevuePresse\Communiques de presse\[ EN ]
Modèle :
C:\Documents and Settings\O_COEURDEROY\Application
Data\Microsoft\Modèles\Normal.dot
Titre :
Proposition de texte pour le communiqué de presse Misys plc
concernant la distinction reçue par Noël Amenc
Sujet :
Auteur :
LaKrilof
Mots clés :
Commentaires :
Date de création :
23/02/2007 7:58
N° de révision :
3
Dernier enregistr. le : 27/02/2007 10:23
Dernier enregistrement par : Carolyn Essid
Temps total d'édition :14 Minutes
Dernière impression sur :
12/09/2007 2:49
Tel qu'à la dernière impression
Nombre de pages :
2
Nombre de mots : 402 (approx.)
Nombre de caractères : 2 356 (approx.)