I participated in the rewriting of the wrap fee (aka SMA (Separately Managed Account)) guidance, as a member of the then AIMR-PPS(R) Implementation Committee. This was the rewrite of the earlier rewrite, that was handled by a single (un-named) member of this...
Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
At the risk of upsetting some GIPS folks, I offer the following thoughts …
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Bottom up attribution
A colleague asked me for some details on bottom up attribution. I then asked for the context in which he was speaking, since knowing the context is important.If we're talking about a "bottom up" manager, who doesn't take allocation into consideration, one could argue...
A different kind of attribution
When I teach our Performance Fundamentals and Attribution classes, I often say how we frequently borrow concepts from other places: attribution is just one example. We didn't come up with the idea of attributing an event to a cause, or determining how various causes...
Happy Thanksgiving
From all of us at TSGA Very Happy Thanksgiving
Getting the words right
My wife and I recently came across this sign on the front door of a medical facility where we had an appointment. If we are obligated to follow these instructions, we must attempt some other means to gain access to the building. No doubt when the creator of the sign...
Alternative Investment Guidance Statement Explained
If your firm complies with the Global Investment Performance Standards (GIPS(R)), then you need to be familiar with the new guidance statement on alternative investments. TSG's Jed Schneider, CIPM, FRM will host a webinar tomorrow, Tuesday, November 20, to provide...
Taking a week off (well, except for today, which is only for explanatory purposes)
My wife and I are on vacation this week in beautiful Aruba, to celebrate our 40th wedding anniversary. And so, rather than detract attention to the woman I love (save for this single post, while she's showering), I won't post again until next week. Hope you...
Next week is Risk Week … still time to sign up!
TSG will hold its second annual webinar conference next week, and the subject is RISK! Each day there will be a different topic and speaker. Details can be found on our website. This conference format (one topic/speaker per day for five days) provides a cost effective...
When short is too short
I have a confession to make: I used to be 6' 1/2" tall (I liked the 1/2", because it put me ABOVE 6'). My father was 6'6", my older brother roughly the same, and my younger brother is, I think, around 6'2". My two sons are both taller than I am. And so, I can be...
A crowded, but happy office
Hurricane Sandy left many of us without power; fortunately, our office has electricity. And so, we invited our employees to bring their spouses and/or children with them, to have a chance to warm up, relax, and even have a hot shower. Most took advantage of the offer,...