EDHEC and EuroPerformance have released their rankings of the top Swiss asset management companies - the Alpha League Table.
The table is constructed on the basis of a genuine measure of alpha, using a state-of-the-art methodology developed by EDHEC.
The Alpha League Table 2006 for Switzerland reveals that:
Background notes: The Alpha League Table is a ranking constructed upon a measure of the intensity of alpha (the performance adjusted for the risks that were actually taken) for all of the asset management firm's active 'equity' management. The asset management firm must be registered with the regulatory authorities and must have at least four equity funds analysed, marketed and managed in the country studied. We identify the funds that produce alpha from the EuroPerformance-EDHEC Style Ratings.
The alpha intensity is calculated every month using two indicators:
The final score, or alpha intensity, is the average of the 12 monthly scores. Only companies that have participated in the 12 monthly rankings are retained for the final rankings.
These annual rankings cover major geographical areas, and are also applied at the European level. The first edition was dedicated to France, the second to Spain-Italy, and the third to Switzerland. These will be followed by the United Kingdom and a pan-European table.
For more information on the EuroPerformance-EDHEC Style Ratings, please visit the Style Ratings website at http://www.stylerating.com/