Term of Focus - Traynor ratio
Traynor ratioA measure of the excess return per unit or risk, where the excess return is defined as the difference between the portfolio's return and the risk-free rate of return over the same period. |
| Hedge Fund Glossary
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Top-down investment strategyAn approach that seeks to assess the influence of various macro-and micro-economic factors before identifying individual investments. Treynor ratioA measure of the excess return per unit or risk, where the excess return is defined as the difference between the portfolio's return and the risk-free rate of return over the same period. |