STAFF WRITER

Randy Cohen from Harvard Business School, Christopher Polk from the London School of Economics, and Bernhard Silli from the Universitat Pompeu Fabra and the London School of Economics, provide powerful evidence that mutual fund managers can pick stocks that outperform the market.

In the CFA Institute’s new Investment Performance Measurement newsletter, launched this month David Spaulding, president The Spaulding Group, and Steven Stone, partner at Morgan, Lewis & Bockius discuss the issues concerning the use of theoretical performance, summarise the regulatory implications and risks of using such presentations, and suggest best practices and appropriate disclosures.