by admin | Apr 11, 2011 | arithmetic attribution, performance attribution
Steve Campisi returns as both a “guest blogger” and “guest animator,” sharing some of his insights on the Brinson models. I’m sure you’ll find his commentary of value.
by admin | Apr 11, 2011 | annualization, CIPM, CIPM expert, CIPM Principles, exponents, geometric linking, roots
Sometimes when we are calculating returns, we need to know the meanings of roots and exponents. This may be especially true when we have to enter things on the calculator, like CIPM candidates are required to do on exams.In mathematics, the n-th root of a number x is...
by admin | Apr 8, 2011 | Investment Performance Guy, News
Please allow me to share something personal with you. I am often asked why I chose to work in investment performance measurement, and I must confess that it was anything but a grand plan. I am reading Michael Gerber’s E Myth Mastery, and came across the...
by admin | Apr 7, 2011 | arithmetic attribution, money-weighting, time-weighting
While I often speak of returns being a matter of perspective (that is, whether we’re speaking about how the manager did or how the portfolio or client did) to determine whether time- or money-weighting should be used, the same holds true with attribution. I was...
by admin | Apr 6, 2011 | money-weighting, plan sponsor, time-weighting
I recently suggested to a plan sponsor that they consider using money-weighting as well as time-weighting, pointing out that since they control the cash flows, such an analysis would provide some value. Well, today I got an email which offered the following:It appears...
