Managing for Endowment Portfolio Alpha

Understanding Non-Systematic Return on Investment Source: www.HealthcareFinancials.com   According to Wayne Firebaugh CPA, CFP®, CMP™ alpha measures non-systematic return on investment [ROI], or the return that cannot be attributed to the market. It shows the difference between a fund’s actual return and its expected performance given the level of systematic (or market) risk (as measured by [...]