หมวดคำศัพท์

Performance evaluation

A two-step process of appraising a fund manager’s results. First, it examines whether the manager outperformed the chosen benchmark [that is the investment objective of the fund was to return 2% more than the FTSE 250 - has this been done?]. Second, it assesses the methods employed to realise this return [that is did they follow the original investment plan?].