by admin | Oct 14, 2013 | Investment Performance Guy, News
It occurred to me that we could spend some focused time on the issue of time (pun intended). Let us begin with rates of return.One of the ironies of performance measurement is that the term “time-weighting” has really nothing to do with the weighting of...
by admin | Oct 8, 2013 | Investment Performance Guy, News
I occasionally describe the formulas we use as a series of bifurcations, starting with time- and money-weighting. And, sometimes I begin with a graphical representation. Well, this morning, I decided to take that graphic to its nth degree, and solicited input from my...
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...
