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...

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...

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! 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...

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...