In the course of some research I came across a working paper by A. Basso and S. Funari (dated September 2001) titled "A generalized performance attribution technique for mutual funds." Please don't let the title fool you: this isn't about performance attribution....
Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
Learning to take the good with the bad
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Performance Holidays
A subject that has come up occasionally, but that has gotten little attention (and none formal), is the idea of "performance holidays."These arise at times when a client makes a significant contribution to their portfolio, knowing that because of the nature of the...
Using past statistics to predict the future …
Major League Baseball does this every year, one way or another.That is, each year, based on a batter's great start in pounding out home runs, a pitcher's strikeout prowess, or another player's extraordinary early season feats, someone decides to annualize (or...
GIPS 2015 … Not! BUT, what do YOU think?
Last week I mentioned that there will not be a 2015 edition of the Global Investment Performance Standards (GIPS(R)). We're curious what you think about this. And so, please respond to our survey to share your thoughts. It is VERY brief:Please join in. We'll publish...
Two things I learned at PMAR XI that I’m not happy about…
I recently shared some details about this year's PMAR XI. I touched on a fraction of our speakers and topics. Today, I want to candidly share with you two things I didn't like.First, we learned that there will not be a GIPS 2015. I previously mentioned that I had...
PMAR Day 2
I'm a little late in posting, as PMAR Day 2 was last Friday, but I've been recovering from a busy and exciting event. I think there was little doubt that this year's program was the best, yet! It makes it difficult to continue our goal of always getting better, but...
PMAR Day 1
Yesterday was the first day of the 11th annual Performance Measurement, Attribution & Risk Conference at the Ritz Carlton Hotel in Philadelphia. As expected, we had great speakers who provided a wealth of information and insights.The session kicked off with our...
Lots to celebrate!
Last night TSG held a dinner, at which we celebrated anniversaries, accomplishments, and an announcement.Chris Spaulding, my older son and our firm's EVP (Strategy & Business Development) has been with our firm for 10 years (as of last December; we're a bit tardy...
PMAR North America 2013 is NEXT WEEK!
I don't recall being as excited in the past for a conference as I am for this year's Performance Measurement, Attribution & Risk Conferences (PMAR), the first being next week in Philadelphia. The Superheroes are all ready to meet at the Ritz Carlton, and I wanted...
Does the order matter?
In mathematics we are occasionally confronted with the questionable applicability of the commutative law. You'll recall that it basically states that you can move (as in commuting or moving about) values around in a mathematical expression without causing the...