For some time I’ve grown tired of seeing the seven (now eight) benchmark criteria credited to Bailey, Richards & Tierney (2007. “Evaluating Portfolio Performance”). I first learned of them when I took the then CGIPS now CIPM(r) Principles Exam, roughly 11 years ago: Unambiguous Investable Measurable Appropriate Reflective of current investment opinions Specified in advance Owned These are considered […]
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