Performance evaluation(redirected from Performance Evaluations)
Also found in: Medical, Encyclopedia.
The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return (performance attribution analysis).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A comparison of one money manager's performance to a group of comparable money managers. This is done periodically to maintain competitiveness and to judge a particular manager's performance. Performance evaluation judges managers based on the return he/she made for clients relative to his/her peers and on how the manager did so. Managers who do well during performance evaluations are rewarded with raises, promotions, and bonuses. Managers who do not do as well are passed over for these things and may be eventually fired. See also: Evaluation period, Manager universe (benchmark).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved