When all risk-adjusted performance measures are the same: in praise of the Sharpe ratio.

The article focuses on the role of Sharpe ratio, a mean-variance portfolio developed by H. M. Markowitz, in the risk-adjusted performance measure in the financial institutions. It mentions that Sharpe ratio, which is the modification of Sortino ratio, provides a risk-reward assessment of a return distribution. It discusses the optimization of Sharpe ratio via conic programming, which plays an important role to solves all optimization model problems.