by admin | Nov 30, 2012 | Investment Performance Guy, News
The same question has come up twice in the past week, so I thought it worth posting.A manager manages several different accounts for the same client. Some returns are money-weighted (MWRR), some time (TWRR). The manager wishes to consolidate the accounts to present a...
by admin | Nov 29, 2012 | Investment Performance Guy, News
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...
by admin | Nov 27, 2012 | Investment Performance Guy, News
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...
by admin | Nov 25, 2012 | Investment Performance Guy, News
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...
by admin | Nov 21, 2012 | Investment Performance Guy, News
From all of us at TSGA Very Happy Thanksgiving
