by admin | Jan 22, 2013 | Investment Performance Guy, News
Nobel prize winner Daniel Kahneman, and his long-time colleague, Amos Tversky (who would have been awarded the Nobel Prize, too, but sadly was deceased at the time the prize was awarded), wrote an article for the Psychological Bulletin in 1971 titled “Belief in...
by admin | Jan 17, 2013 | Investment Performance Guy, News
The concept of orienting your investing so that it’s geared to the client’s requirements is getting more attention of late. P&I had an article on this subject in their November 12, 2012 issue, and Steve Campisi, CFA has addressed this at several...
by admin | Jan 15, 2013 | Investment Performance Guy, News
We received an interesting question from a client, which seem appropriate to discuss here:We have an issue where we are going back and forth with our custodian regarding the proper treatment for a transition:Manager B is scheduled to receive assets from Manager A at...
by admin | Jan 15, 2013 | Investment Performance Guy, News
By now you have heard that the CIPM Program curriculum has been changed – signficantly! So much so that the folks at CFA Institute have taken to calling it “The New CIPM Program!”You may be asking yourself, what *are* the new changes? I...
by admin | Jan 11, 2013 | Investment Performance Guy, News
I am reading, or more correctly, listening to, the classic, Don Quixote, by Miguel de Cervantes. It is a massive work, which rightly deseves the praise it has received. Perhaps not surprisingly, if you’ve been a reader of my commentary for long, I have found...
by admin | Jan 10, 2013 | Investment Performance Guy, News
Frank Sortino, PhD, occasionally tells the following story:There was a pension plan that was looking for a Japanese market investor. They found one who had superior performance. Unfortunately, he also had a high tracking error. When their concerns were presented, the...
