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Managing Against a Benchmark

In: RISK-SENSITIVE INVESTMENT MANAGEMENT

Author

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  • Mark H. A. Davis
  • Sébastien Lleo

Abstract

The Oxford English Dictionary defines a benchmark, or more precisely a ‘bench-mark’, as ‘a surveyor's mark cut in some durable material, as a rock, wall, gate-pillar, face of a building, etc., to indicate the starting, closing, or any suitable intermediate point in a line of levels for the determination of altitudes over the face of a country. It consists of a series of wedge-shaped incisures, in the form of the broad-arrow with a horizontal bar through its apex'. An example of a bench-mark is displayed in Figure 3.1…

Suggested Citation

  • Mark H. A. Davis & Sébastien Lleo, 2014. "Managing Against a Benchmark," World Scientific Book Chapters, in: RISK-SENSITIVE INVESTMENT MANAGEMENT, chapter 3, pages 41-56, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814578059_0003
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    Cited by:

    1. William Robson, 2019. "Healthcare Spending Overshoots a Threat to Sustainability," e-briefs 290, C.D. Howe Institute.

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