Comparison universe(redirected from Comparison Universes)
A group of money managers of similar investment style used to assess relative performance of a portfolio manager.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A group of comparable peer money managers against whose performance a single money manager is assessed. This is done periodically to maintain competitiveness and to judge a particular manager's performance. The practice has become controversial as some believe that comparison universes are too broadly defined to demonstrate the skill of a particular manager accurately and that they suffer from survivor bias because bad managers drop out or are fired. See also: Evaluation Period.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved