Happy Anniversary, Black Monday
The U.S. stock market reached a new high today, coinciding with the 30th anniversary of Black Monday, an event of now-mythic proportions.
Celebrating 30 Years of the Global Investment Performance Standards (GIPS)
A look back at the history of the CFA Institute Performance Presentation Standards: an industry game changer. Manager performance composites weren’t always a useful tool to assess historical manager performance. Prior to the mid-1980s, reporting on and assessing investment performance was the “Wild West” for fund sponsors and consultants. Many managers were merely putting their […]