Saturday, January 8, 2011

Manager Universe

Manager Universe refers to the peer group within which a fund manager operates. The Manager Universe is often used in benchmarking, or performance analysis, i.e. in comparing the performance of a fund to that of its peers. From this analysis fund managers and researchers may report statistics like what percentile the fund's returns are in, in their manager universe through various time periods, and what the mean and median returns are for that group.

Synonyms: Peer group

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