"Hedgeable ranks fund managers against their peers in roughly 100 categories. It creates a curve that awards the top 10% of managers in each category with four-and-a-half or five stars, the bottom 10% with one-half or one star, and the middle 80% between one and four stars, depending on where they fall on the curve. Ratings are updated weekly.
The Morningstar fund rating system, which debuted in 1985, assigns funds from one to five stars based on a quantitative assessment of a fund’s past return and risk performance. Funds are compared with their peer group across a broad range of categories. The funds are rated over three-, five- and ten-year periods, and the ratings are weighted and combined to come up with the overall rating"
Thursday, June 24, 2010
Upstart Unveils Alternative To Morningstar Fund Rating System: