As with Beta, Alpha is a relative rather than an absolute indicator of risk-adjusted performance
. If a fund produced the expected return for the level of risk assumed, the fund would have an Alpha of zero.
A well-conceived strategic asset allocation process can improve risk-adjusted performance
in a couple of critical ways:
The rating may be downgraded on material adverse changes to any of the aforementioned rating drivers, notably through weakened financial conditions, heightened staff turnover or deterioration of processes or risk-adjusted performance
Morningstar studied 57,000 mutual funds and ETFs in three categories -- stocks, bonds and asset allocation -- looking for what characteristics led to better risk-adjusted performance
and larger inflows three years later, when those funds become eligible for star ratings.
Blackstone will liquidate the fund on or before 31 May 2016 and the company also mentioned that BXMMX sought capital appreciation through a diversified global set of exposures, traded by alternative asset managers, which demonstrated relatively low beta to traditional markets and produced attractive risk-adjusted performance
The Lipper Awards honor those funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance
relative to their peers.
The Fund's rankings were based on its overall risk-adjusted performance
over the three-year period.
In terms of investment performance, Jadwa's funds and mandates have consistently shown good risk-adjusted performance
, relative to both global and local benchmarks.
For debt funds, the ratings look at the 18-month weekly risk-adjusted performance
compared with other funds in the category.
The award is presented to funds that have excelled in delivering consistently strong risk-adjusted performance
relative to peers.
The distinction is based on consistent risk-adjusted performance
in the United Arab Emirates Equity category relative to its peers.