TY - JOUR T1 - Choosing Managers and Funds JF - The Journal of Portfolio Management SP - 47 LP - 53 DO - 10.3905/jpm.2000.319745 VL - 26 IS - 2 AU - Gary T. Baierl AU - Peng Chen Y1 - 2000/01/31 UR - https://pm-research.com/content/26/2/47.abstract N2 - The authors describe a method for selecting portfolios of managers or mutual funds to implement a target asset allocation. The goal is to maximize alpha for each level of tracking error. This routine is designed to meet manager–imposed minimum investment requirements by using discrete optimization techniques. A step–by–step example illustrates the practical use of the methods that the authors develop. ER -