The best one year performance fund, relative to peer.

于同一组别中，一年最佳表现基金。

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Only later were indices used to measure the performance of professional fund managers.

不过，后来的指数被用来衡量职业基金经理人的绩效。

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Investors would not dream of paying a performance fee to traditional fund managers merely for matching the market return, yet they cheerfully reward private-equity managers for the same feat.

投资者绝不会在收益仅仅符合市场一般回报水平时向传统基金的经理人支付业绩提成，然而他们却欣欣然的在同样情况下，给予私募股权经理人以业绩提成。

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Rifat Atun is director of strategy, performance and evaluation at the Global Fund.

VOA: special.2010.03.10

Betting on that level of growth, for almost any company, is risky businessI assess ETFs and mutual funds based on the quality of their holdings, first and foremost, because holdings determine the performance of the fund, not just the costs or the past performance of the fund.

FORBES: Good And Bad In Small Cap Growth Funds

Javier Gil-Bazo and Pablo Ruiz-Verdu studied the relationship between mutual fund performance, management fees, commissions and flow of funds in The Relation between Price and Performance in the Mutual Fund Industry.

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FORBES: Good And Bad In Small Cap Growth Funds