Dominance Tracking Index for Measuring Pension Fund Performance with Respect to the Benchmark
, Kristina Sutiene 1,*,†, Audrius Kabasinskas 1,†, Ausrine Lakstutiene 2,†and Aidas Malakauskas 2,†
Dirk Broeders
Round 1
Reviewer 1 Report
Please see attachment.
Comments for author File: 
Comments.pdf
Author Response
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Author Response File: Author Response.pdf
Reviewer 2 Report
This is a very interesting and well written paper that I think should be published. I particularly like some of the graph, such as figure 3 and 4, which I think that are particularly clear and engaging. I have a few suggestions:
1) I think that the article would benefit for a bit more of a description of the Lithuanian labor economy/pension structure. It does not need to be a large section but many readers might not be very familiar with it and would add clarity to the paper. Any sector differences? What about self-employed people?
2) It would be interesting to try to generalize the results to assess for applicability in other regional markets. There is no need to do calculations but a qualitative description describing the applicability of this approach to other Baltic countries would be very interesting.
3) I think that it is also missing a paragraph describing the limitations of the analysis and future areas of research.
4) If possible I think that it would be a good idea to increase the resolution of figure 2.
Author Response
Please see the attachment.
Author Response File: Author Response.pdf
Round 2
Reviewer 1 Report
Thank you for the excellent revision. Just one final question. You mention that the square of relative lower semi-tracking error equals 1-RUSTE2. Can you indicate in the paper if this generally true or only assuming a symmetric distribution of excess returns?
