Performance assessment of investment funds with the use of the multicritery methodology for decision support: constructivist (MCDA-C)
DOI:
https://doi.org/10.6008/CBPC2179-684X.2021.003.0024Keywords:
Performance evaluation, MCDA-C, Investment Funds, Pension funds, Decision-making ProcessAbstract
The decision-making process of investment of funds choice by the brazilian pension funds can be considered a complex task given the needs of the actors involved and criterias to support this decision. The present work consists of building a model to evaluate investment funds, which can allow to compare the current process of selection and management of investment funds in a brazilian pension fund. This model allows to justify, as a structured process, the decision-making process, assisting the manager in this complex process and allowing to demonstrate to the stakeholders the criteria used in an objective way. It is a case study, characterized as exploratory of a practical nature. With a qualitative and quantitative approach, using semi-structured interviews with the Investment Manager responsible for the analysis and selection of investment funds, in addition to having used documentary analysis. The MCDA-C methodology was used as an intervention instrument. This methodology made it possible to identify, organize, measure and integrate the criteria and allows the manager to view the profile and performance of the investment funds subject to analysis and monitoring, based on the criteria he identified as relevant in this process. Finally, the methodology is applied in a selection process and the ranking between the funds of the methodology used is compared, against the proposed model.
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