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...
Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
How should you handle trade error payments?
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Half of performance measurement book sale proceeds to go to Alex’s Lemonade Stand
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...
Anonymous need not apply
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...
When compounding of returns doesn’t make sense
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...
Attribution survey findings, in brief
Jed Schneider, CIPM, FRM is a guest blogger, offering some of his impressions from TSG's recent performance attribution survey.-----------------------------Every year, TSG puts out a survey to the investment industry focusing on a performance related topic. Last...
Are Performance Measurement Professionals Creative?
I am adjusting the title of a post that William McKibbin had last week, titled "Are Mathematicians Creative." Given that my undergrad degree (from Temple University) is in math, and that math is clearly a huge part of performance and risk measurement, I guess I...
Reminder: Free Webinar This Monday!
Reminder! This coming Monday, April 23rd at 11:00 am (EST), Jed Schneider, CIPM, FRM will discuss highlights from TSG's recent performance attribution survey. He will present findings, and compare the results with previous years' surveys. You will also have...
ATTENTION! Performance attribution survey results to be shared in a FREE webinar!
On Monday, April 23rd at 11:00 am (EST), Jed Schneider, CIPM, FRM will discuss highlights from TSG's recent performance attribution survey. Jed will present findings, and compare the results with previous years' surveys. You will have the opportunity to submit...
Celebrating the 10th with gusto!
Almost 30 years ago, when my wife and I celebrated our 10th wedding anniversary, we marked the occasion with special gifts for one another (she gave me a gold watch, which I still use (I'd better!)). For our 25th, we went to Disney World (her choice) and our 35th saw...
Why do we refuse to see the flaws in our beliefs?
Yesterday's Wall Street Journal had an interview with Nobel Prize winner and author Daniel Kahneman, regarding his new book, Thinking Fast and Slow ("So Much for Snap Decisions," by Diane Cole). I am still making my way through the book, and continue to find much of...