Chua, JessAng, James S2010-11-262010-11-261979Ang, James S.; Chua, Jess H."Composite measures for the evaluation of investment performance", Journal of Financial & Quantitative Analysis, Jun79, Vol. 14 Issue 2, p361-384.0022-1090http://hdl.handle.net/1880/48285Article deposited according to publisher policy posted on SHERPA/ROMEO, 11/26/2010.The article addresses composite measures of investment performance. The author identifies some of the challenges posed by previous measures, particularly ex ante measures that are not directly applicable to ex post performance. Other efforts that address predictability are considered. The author considers that systematic biases may be hindering the success of these measures, and this article posits that these biases could be caused by a deficiency of not considering asymmetry of return distributions and an inability to specify the correct holding period. The article presents a literature review, and develops a composite performance measure that takes into account advances in Capital Market theory.engINVESTMENTSRATE of returnCAPITAL marketFINANCIAL performanceSECURITIESHOLDING periodFORECASTINGBUSINESS forecastingFINANCIAL managementINVESTMENT analysisLiterature reviewjournal article10.11575/PRISM/34045