by admin | Jan 9, 2014 | Investment Performance Guy, News
You may recall the commutative property of math-ematics, which essentially speaks of changing the order in which we do the math. This property holds for addition and multiplication; for example:You’ll may also remember that it doesn’t hold for all...
by admin | Jan 8, 2014 | Investment Performance Guy, News
While the role performance attribution has continued to grow within the investment industry, it is, in the words of “Brinson, Hood & Beebower,” still evolving. And in its evolution, there remain areas that need to be re-explored, reconsidered,...
by admin | Jan 7, 2014 | Investment Performance Guy, News
I often find the WSJ enlightening. Today provided a very insightful article by Chana R. Schoenberger (“Test Your Smarts … on Currency Effects”, page R5), where I learned that at least some fund analysts believe they cannot tell the impact of currency...
by admin | Jan 6, 2014 | Investment Performance Guy, News
The Global Investment Performance Standards (GIPS(R)) are complex and often confusing. And while we have identified common mistakes which can lead to non-compliance (recall that GIPS is very “black-and-white,” with no “materiality” for...
by admin | Jan 4, 2014 | Investment Performance Guy, News
Every once in awhile I want to read some poetry. Yesterday I turned to a book of John Keats’ work. In reading part of the introduction, I was motivated to read some of the letters that are included: it’s amazing how letter writing has become a “thing of the...
by admin | Jan 2, 2014 | Investment Performance Guy, News
I thought it fitting to offer some suggested resolutions for the coming year.1. I resolve to become more educated about my profession by reading more about performance and risk measurement. There are countless resources available. The Journal of Performance...
