A New Book Published By Bolsas y Mercados Españoles (BME): "Tools For Measuring Efficiency In...

Bolsas y Mercados Españoles (BME) has published a new book entitled "SPANISH INVESTMENT FUNDS: Growth and efficiency analysis" as part of the company's "Research & Studies" collection. The authors of the book are Professor Luis Ferruz Agudo and his assistant, María Vargas Magallón, both of whom work at the Accounting and Finance Department of the Universidad de Zaragoza. They are part of one of the most prestigious university teams that carry out research into the Spanish investment fund industry. The main new feature of this work is that it provides the appropriate tools for measuring the efficiency of fund managers and their level of performance. In measuring them, such factors are taken into account as the information available to the manager on the economic cycle, his or her stock picking skills and the market timing.... [read full story]