Our younger son, Douglas, who is the editor of The Journal of Performance Measurement, has done the Tough Mudder four times (most recently a week ago in the Poconos, PA). Well this morning he (kind of) did it a 5th time, on Fox & Friends. He was interviewed, too!

We cannot say much about this, yet, but since it appeared on the CNBC website yesterday, I'll share the brief info they have.Yes, TSG and Brightscope have some great news which will be released next week.More details to follow.

I got an email this week from someone who wanted to know the difference between Modified Dietz and Modified BAI. Briefly:They are both approximations to the true, time-weighted rate of returnThey are both based on the concept of linking money-weighted returns to...

After several months of design, preparation, planning, review, etc., TSG's new website has been officially launched!Many thanks to Patrick Fowler and Chris Spaulding for heading up this effort: it looks great!As you might expect, with the new site a number of our...

It occurred to me that a choir might be a good metaphor for rating agencies;  at least to some extent.Recall that certain rating agencies got blasted because they frequently awarded their highest ratings to pools of subprime mortgages, which on their...

I just checked in on Linkedin and discovered two of my connections posting  about ethics:Jay Abraham: "ETHICS: You have to distinguish yourself and operate at the highest level of ethics, of integrity, of veracity. If you lower yourself to the level of a lot of...

Okay, so your client has a restriction against you buying tobacco stocks, but you accidentally did. You now have to sell this stock, but because the price has dropped, your client is out some money. And so, you decide to "make it right," and deposit company funds...

You may recall that in late March TSG announced that it had discovered a printing error in my most recent book (Handbook of Investment Performance Measurement, 2nd edition), and decided to offer copies at a huge discount ($20 versus the normal $75). The...

Just a reminder: If you wish to submit a comment, do not do so anonymously. Identify yourself. And to clarify, anonymously means "Anonymous" in any form, as well as fictitious names. If you have a view or opinion, feel free to share it, but true identity is...

For many, it only seems logical that when you deduct fees monthly or quarterly, that your annual net-of-fee and gross-of-fee return difference should equal the annual fee. How can it not?It's quite simple to derive the monthly amount to deduct: just take your annual...