Performance Perspectives Blog

Thoughts on performance measurement from David Spaulding and other members of our team.

Heading west with PMAR West

Heeding the words of Horace Greeley, we're going west ... with PMAR West!!!  PMAR West: an idea whose time has come! I try to be quick to give credit for great ideas, and so I'll give credit for this one ... to me! Yes, this was my idea. I felt that with the success...

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Is midday cash flow treatment acceptable?

Can't decide? Why not "split the difference," and go with a midday cash flow? Occasionally, we hear from firms who just can't decide whether to employ a start- or end-of-day cash flow policy. As you're probably aware, for quite some time I've advocated a "dual"...

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How to assess a pension fund’s performance

This is the time of year when many pension funds report their returns for the prior fiscal year. And often, the reported returns were calculated using a time-weighted method. But, is this appropriate? Or, perhaps, is more needed? In my way of thinking, pension funds,...

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