Snapshots of Is the Information Ratio Really the Best Mean–Variance Performance Measure for Evaluating Actively Managed Portfolios?

Quickly apply original, key PMR-published papers with Snapshots—a short article companion that distills PMR research into compressed, digestible takeaways, so you can put the paper’s core ideas to work in your investment process—fast. This Snapshot article is based on research arguing that for mean–variance evaluation, the information ratio can misrank active portfolios; the marginal Sharpe ratio fits “hold alone” mandates, and potential performance fits “hold with a benchmark” mandates.