%0 Journal Article
%T Performance appraisal of Croatian mandatory pension funds
%A Luka£¿
%A Marko
%A Petar Pierre
%A Matek
%A Repa£¿
%A Vedrana
%J -
%D 2016
%X Sa£¿etak The goal of this paper is to determine whether managers of Croatian mandatory pension funds have displayed investment skill on a risk-adjusted basis during the 2005-2014 period. We have calculated various risk-adjusted investment performance measures and have then used a number of statistical tools to test the significance of the results. Evidence from our analysis suggests that Croatian mandatory pension funds have reached their investment targets in terms of risk-free rates or benchmarks. Evidence of investment skill was found in some of the funds analysed
%K pension funds
%K risk-adjusted return
%K performance appraisal
%U https://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=231242