by admin | Oct 23, 2010 | Investment Performance Guy, News
As someone who loves to write, I learned a long time ago that there really is no such thing as “writing,” per se; rather it’s rewriting. One must be prepared to write, revise, and revise again. Often with letters and reports I do this many, many...
by admin | Oct 22, 2010 | Investment Performance Guy, News
This week I’m reviewing a software vendor client’s system and saw that they used a version of Modified Dietz which we typically don’t see. Here’s the normal form: and here’s what they use: In reality they will provide the same result so...
by admin | Oct 7, 2010 | Investment Performance Guy, News
I have become increasingly aware of how the term “audited” is often used. Several of our clients refer to their performance returns as “audited” or “unaudited.” But are they actually “audited”? In most cases, no. Clearly...
by admin | Oct 5, 2010 | Investment Performance Guy, News
We have launched a survey that addresses the increasingly important topic of risk measurement. And while we’ve surveyed the industry on the presentation standards, attribution, performance measurement technology, and the performance measurement professional,...
by admin | Oct 4, 2010 | Investment Performance Guy, News
I often get into discussions with clients and students about how benchmarks should be treated. For example, a few years ago I spoke with a hedge fund manager and suggested that he didn’t manage against any benchmarks; he quickly corrected me saying he did. But...
by admin | Sep 28, 2010 | Investment Performance Guy, News
Classics in Investment Performance Measurement (The Spaulding Series), the book that Jim Tzitzouris and I edited, has been reviewed by Jerry Tempelman, CFA. Jerry’s review appears in the current issue of the Financial Analysts Journal.We are obviously quite...
