Article: A multicriteria approach for selecting a portfolio manager

ABSTRACT

This paper introduces the application of the multicriteria method PROMETHEE II to the selection of a portfolio manager. Such application involves four main steps: (1) defining the list of potential actions or solutions to the problem; (2) defining the list of relevant criteria; (3) evaluating the performance of each action based on each criterion; and (4) aggregating these performances with the multicriteria method PROMETHEE II. The use of a multicriteria approach to this problem is appropriate, as multiple criteria seem to be used by decision-makers in the selection of a portfolio manager. Criteria applied to this model are derived from a set of depth interviews with managers of ...

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