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As a result, they had a strong incentive to evaluate fund managers purely on the basis of their financial performance.
With the elimination of defined benefit plans, employers became free to use other criteria to evaluate fund managers.
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Bill C. Nygren, who runs the Oakmark and Oakmark Select funds for Harris Associates, an investment management firm in Chicago, said he and many other value managers used indicators like return on equity to evaluate funds, just as Mr. Muhlenkamp does.
These are the types of people that you should truly be concerned about — the ones who evaluate funding sources as a means of judging the correctness of an issue.
NSFC uses a peer-review system to evaluate funding proposals.
"Later this year, we'll evaluate funding options beyond our first round," he added.
The Obama administration was correct, Stimel says, in seeking the opinions of venture capital experts to help evaluate funding opportunities under the program.
Reviewing the diversity of policies in Europe [ 15] and general statements [ 16- 20], it is obvious that studies are urgently needed that compare input and output in socio-economic important fields of medicine in order to evaluate funding policy.
When evaluating fund performance, Mr. Breen suggests, investors should keep in mind that 2008 and early 2009 had big market downdrafts and that recent buoyant results may benefit by comparison.
This shakeup can be attributed, in part, to a change in the time frame we use to evaluate stock fund performance.
One evaluates funds on the basis of their historical performance and expenses, an approach taken by, for instance, Lipper Analytical, an American company that was bought in July by Reuters, a British information provider.
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