@article {Melnikoff98, author = {Meyer Melnikoff}, title = {Investment Performance Analysis on a Tax-Adjusted Basis}, volume = {8}, number = {2}, pages = {98--110}, year = {1999}, doi = {10.3905/joi.1999.319408}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Applying his actuarial approach to investment performance Analysis, which defines investment risk as the likelihood and the extent of underperforming a pre-established hurdle rate or return, and recognizes the fundamental significance of the investment holding period, the author determines the after-tax returns and risk-adjusted returns for a decade of the Fidelity Magellan fund, by reinvesting only the net after-tax amount of distributions, after deducting the maximum Federal 1998 tax rates of 20\% on long-term capital gains and 39.6\% on all other taxable income.}, issn = {1068-0896}, URL = {https://joi.pm-research.com/content/8/2/98}, eprint = {https://joi.pm-research.com/content/8/2/98.full.pdf}, journal = {The Journal of Investing} }