PT  - JOURNAL ARTICLE
AU  - Stephen A. Buser
ED  - Connett, Wendy
TI  - Practical Applications of On the Optimal Mix of Active and Passive Investments
AID  - 10.3905/pa.2016.3.3.141
DP  - 2016 Jan 31
TA  - Practical Applications
PG  - 1--3
VI  - 3
IP  - 3
4099  - https://pm-research.com/content/3/3/1.7.short
4100  - https://pm-research.com/content/3/3/1.7.full
AB  - On the Optimal Mix of Active and Passive Investments Stephen A Buser Determining exactly the dollar amount to allocate to active investments in a client’s portfolio has long been a problem faced by financial advisors and portfolio managers. Stephen Buser, Professor Emeritus at The Ohio State University , has come up with a solution. He proposes a modified version of the Treynor and Black appraisal ratio to identify the exact dollar amount of a portfolio to be allocated to active investments.In an interview with Institutional Investor Journals , Buser discusses incorporating theta to develop the adjusted measure of the appraisal ratio and outlines how the modified ratio provides opportunities for financial advisors, metrics providers and institutional managers.