A Peer Company Risk Modeling Approach to Asset Allocation

Manager Selection: The Quixotic Search for Skill

Active skill exists …. but it is challenging to detect reliably and, even when present, decays over time.   The Problem: The traditional approach to manager selection involves some combination of quantitative and qualitative analysis, but conventional...
A Peer Company Risk Modeling Approach to Asset Allocation

The Problem with Performance Evaluation

The conventional approach to evaluating past performance does not tell us anything useful about the future.   Problem Portfolio performance evaluation is useful only if it can lead to actionable insights. The uncomfortable truth is that conventional performance...