Odd returns are surfacing, and the coronavirus is the culprit I'll confess to a bit of hyperbole or misdirected blame here. We can't really credit the coronavirus, but the markets have been extremely volatile, and whenever that happens, we are bound to see some odd...
Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
This post may help you explain odd returns caused by the #coronavirus
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Making sense out of nonsensical returns
My colleague, Jennifer Barnette, CIPM, suggested that this blog post from many years ago be published again. I was flattered that she felt it was worthy of reappearing. She was also kind enough to do some edits. It has been quite some time since I've done a blog post....
Modified Dietz as an alternative to the IRR: does it make sense?
One of those confusing things in the world of performance measurement: Modified Dietz Modified Dietz is one of the most commonly used return measures. Granted, Peter Dietz probably never referred to it as "Modified" (he called it "Day-Weighted," as opposed to...
Clarifying the dates: composite creation vs. composite inception date
A video to help explain the difference: composite creation vs. composite inception date With the introduction of the 2020 version of the GIPS(R) Standards, a new requirement is surfacing: for firms to report the composite's inception date. This is defined in the...
Annualization of returns: it’s more challenging than you may think
When it comes to annualizing returns, most folks think that the rules are pretty straightforward and agreed by all. However, that truly is not the case. And, it is most notable when we're dealing with a "point-to-point" cumulative return such as June 15, 2016 to...
Who should take the lead on coming up with software design ideas?
In this video, I present my thoughts on who should take the lead when it comes to software design; that is, who should be the primary one to come up with the ideas for reports, screens, functions, etc. Having spent roughly three decades developing and designing...
Emotion in performance measurement
I'm going to be doing more "VBlogs" (Video Blogs), as I'm finding them an interesting way to share my thoughts and insights. This one deals with emotion in performance measurement, as stated in the title: that is, having some degree of enthusiasm, passion, etc. for...
Deciding on which Performance Measurement Conference for 2019? Why not #1?
Performance Measurement Conference? We're counting down (or is it up?) to 30! My, how time flies (as the saying goes)! We launched the PMAR conferences (Performance Measurement, Attribution & Risk) in 2003. Our conference schedule for 2019 is: PMAR North America...
What’s not missing from PMAR XVII (aka, PMAR 2019)
PMAR 2019 Agenda Draws a Singular Question We recently published the agenda for our upcoming PMAR (Performance Measurement, Attribution & Risk) North America conference, and have been asked the same question by several colleagues: "Why isn't there a GIPS® 2020...
ETFs as benchmarks: is the time right?
ETFs as benchmarks: is it time? A topic that continues to gain attention is the massive increases that have occurred with market indexes. We regularly hear stories of firms being required to pay multiples of what they had been for some of the major ones. Despite the...