by admin | Mar 7, 2014 | Investment Performance Guy, News
I delivered a talk earlier this week for the CFA Society of St. Louis on performance attribution. One of the attendees asked “what’s the point?” I.e., why should an asset manager be doing performance attribution? My initial response was...
by admin | Mar 5, 2014 | Investment Performance Guy, News
Although not common, I still occasionally run into situations like the following: a period is selected to report performance that extends beyond (at the start, end, or both) the actual period a portfolio or asset was being managed or held, and yet a return is...
by admin | Feb 27, 2014 | Investment Performance Guy, News
A Linkedin colleague sent me a note about the idea of calculating returns across weekends. There really is no need to do this, except when the month-end date occurs on the weekend and you’re accruing for income. The following paints four cases:In Case #1, we...
by admin | Feb 25, 2014 | Investment Performance Guy, News
Chuck Yeagar is perhaps best known as the first pilot to officially go beyond the speed of sound. You may recall that he was portrayed by Sam Shepard in the movie, The Right Stuff. In his autobiography he wrote “all pilots take chances from time to time, but...
by admin | Feb 24, 2014 | Investment Performance Guy, News
This year’s Performance Measurement, Attribution & Risk (PMAR) conferences will be “black tie optional.” A bit unusual, right? And so, why would we do this?Well, the theme of the events is “the secret agents of performance...
by admin | Feb 20, 2014 | Investment Performance Guy, News
I have been a fan of “synchronicity” for some time; it’s essentially the belief that there are no such thing as coincidences; instead, things happen for a reason. Yesterday, I posted about Napoleon Hill. And earlier today I discovered this on...