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TDS
Searching for Alpha in Heat Maps: Heat-Seeking Alpha
A New Choice in Multi-Period Investment Performance Attribution: Effective Return versus Geometric Smoothing
The Journal of Performance Measurement,
Summer 2012.
A Prescient Prognostication
Playing to Win
Update on Perspectives on American Depository Receipts (ADRs)
Peer Groups Will Mess You Up
Update on Style Classifications of Financial Stocks
A Challenge to Traditional Thinking: Performance Contest Shows That Better Managers are Found with Tools that Replace Indexes and Peer Groups
Investment Manager Due Diligence Needs Help
A Test of Faith: An Open Letter to Client-Facing Investment Advisors
The Truth about Core-Satellite Investing
Ruminations on the Pile of Cash on the Sidelines
Becoming Style Conscious
Effective Return: A Breakthrough to Cumulative Performance Attribution
Madoff Prescription
.
Trust But Verify
.
Style Definitions in 2009
. Style definitions make a huge difference, especially in 2009. Learn how style index sausage is made.
FIDUCIARY ALERT:
Know the risk of target date funds.
A Handicap of the Investment Performance Horserace
The Target Date Emperor Has No Clothes
Getting All the Pieces of the Puzzle
Warning: Market Meltdown Generates Index Mayhem
Bass Ackwards: The Fishy Tale of the Index Huggers’ Edge
A Very Brief Romp of Analogies and Metaphors: Bingo, Food, Sports and Ouija Boards
The Blob Attacks Investment Manager Due Diligence: Invasion of Perilous Peer Group Bias
Chapter 28,
Noble Challenges in 21st Century Investment Performance Attribution: No Place to Hide
Pedaling Lifecycle Funds: Balancing the Uphill Climb to Riches with the Downhill Need to Keep Them
Evolutionary Best Practices: Don't Feed the Lemmings
(a recorded webcast requiring Windows Media Player)
Getting to the Core of Model Portfolios
Perspectives on American Depository Receipts
Accurate Benchmarking Is Gone But Not Forgotten: The Imperative Need to Get Back to Basics
Shame on the Sham
A version of this paper entitled "Visit Monte Carlo to Remove the Peer Group Gamble from Hedge Fund Due Diligence" has been awarded the prestigious
2007 Kessler Award
by the Investment Management Consultants Association (IMCA)
Style Analysis
Warning! Peer Groups Are Hazardous to Our Wealth
Frequently Asked Questions about PODs
Investing to Win
The Importance of Investment Policy: A Simple Answer To A Contentious Questio
n
The Truth About Diversification by the Numbers
Computer-Aided Pension Investment Decision Making
Getting the Drift