The Spaulding Group's Performance Measurement, Attribution & Risk (PMAR) Europe III conference is this week in London, and yesterday was our first day of the program (we conclude the conference today).
In my opening remarks this morning I intend to comment that a common theme has been the client; that is, to be sensitive to the needs of the client.
While many managers no doubt believe they are, unless their reports include money-weighted returns, for example, they are falling short.
While for many this will, in reality, be a paradigm shift, it's worth the effort. More details to follow...