by admin | Jul 8, 2012 | Investment Performance Guy, News
I must confess a fair amount of interest in the recent discovery of the Higgs boson, aka “The God Particle.” It is an amazing story, though its true meaning seems beyond the grasp of most of us mortals. I won’t bother to attempt to explain what it...
by admin | Jul 6, 2012 | Investment Performance Guy, News
One of the topics which often results in debate is the interaction effect. Recall that in performance attribution, specifically with the “Brinson models,” we have two effects: allocation and selection. Depending on how we calculate these effects we may...
by admin | Jul 5, 2012 | Investment Performance Guy, News
A first principle is refers to “any axiom, law, or abstraction assumed and regarded as representing the highest possible degree of generalization.”Fields such as philosophy, mathematics, and physics have them. Does performance and/or risk measurement? I...
by admin | Jul 4, 2012 | Investment Performance Guy, News
It has become fashionable here in the United States to move holidays to a Monday or Friday, so as to have a three-day weekend. This has happened with Memorial Day and Veterans’ Day, for example. I was born on Veterans’ Day (what used to be Armistice Day),...
by admin | Jun 29, 2012 | Investment Performance Guy, News
I had a recent conversation about the UAPS (Universal Advisor Performance Standards), which provides the ability for a compliant firm to show a representative (“rep”) portfolio’s performance. I mentioned that the white paper is a draft and subject to...
by admin | Jun 28, 2012 | Investment Performance Guy, News
At TSG’s PMAR Europe conference earlier this month, one speaker suggested that Bill Sharpe’s revised eponymously named risk-adjusted return is more typically employed than the original. While I don’t have a lot in the way of empirical...
