by admin | Oct 7, 2013 | Investment Performance Guy, News
I was struck by a front page story in today’s Wall Street Journal titled “Buffett’s Crisis-Lending Haul Reaches $10 Billion.” But it was actually the summary under “What’s News” that initially got my attention:...
by admin | Oct 4, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, performance appraisal, performance measurement, performance reporting, performance triangle, rate of return, TSG
At the CIPM Expert Level, the topic of “performance triangles” is covered, and there is one specific Learning Outcome Statement on the subject:Demonstrate the use of performance triangles vs. benchmarks in assessing a manager’s track record Having...
by admin | Oct 4, 2013 | Investment Performance Guy, News
I didn’t anticipate a third posting on this topic, but I received an interesting note from a reader that I wanted to share and comment on:I disagree with your thoughts on using “arithmetic relative” when considering material differences in portfolio...
by admin | Oct 3, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, estimated time-weighted return, internal rate of return, IRR, Modified Dietz, performance measurement, return measurement, true time-weighted return, TSG
In my last post, I covered a “fast” way to solve multiple choice internal rate of return exercises. In today’s post, I look at a second quick method. Recall the details from the last post: Account market value on 3/31 is $56.3 million Account market...
by admin | Oct 3, 2013 | Investment Performance Guy, News
When comparing geometric and arithmetic attribution, the following are often cited as advantages of the former:it’s compoundable (meaning, that it links attribution effects over time without creating temporal residuals)it’s convertible (that is, when we...
