by admin | Sep 21, 2010 | Investment Performance Guy, News
A problem surfaced over the past couple years that has long been lingering within the world of performance measurement and risk: the potential for “negative Sharpe ratios.” While I had heard of a problem, I hadn’t seen it first hand until about two...
by admin | Sep 20, 2010 | Investment Performance Guy, News
I’ve been having a discussion with a colleague on the topic of index data. I suspect that many asset managers don’t give these statistics much thought, simply taking in whatever values they’re given by their data providers. But should they? Many...
by admin | Sep 14, 2010 | Investment Performance Guy, News
Earlier this year I attended a football (soccer, for you Americans) game at Wembley Stadium in London. During half time my host informed me that we weren’t permitted to take our beers into the “pitch” (to our seats, in essence) because of prior...
by admin | Sep 7, 2010 | Investment Performance Guy, News
I am conducting a GIPS(R) (Global Investment Performance Standards) verification for a client who asks their clients to provide a “personal benchmark.” That is, the return the client hopes to get on an annual basis. Assuming there will be cash flows during...
by admin | Aug 31, 2010 | Investment Performance Guy, News
Earlier this week my TSG colleagues and I went to lunch to celebrate our 20th anniversary in business. And, they presented me with a beautiful pen to commemorate this event.Because we have a decimal (i.e., base 10) system of counting, we focus on years ending with...
by admin | Aug 30, 2010 | Investment Performance Guy, News
It appears at times that reports are designed to convey how smart the sender is. And while this is perhaps not normally the intent, it can nevertheless be the message. Sending a client, for example, the results of a complicated fixed income attribution model, when we...
