by Patrick Burns.
Abstract: The current practice of fund management can be altered to improve the lot of both the investor and the fund manager. Tracking error constraints in mandates can be replaced by an evaluation of the added value provided to the investor by the fund manager. The value of the manager depends not only on the outperformance of the manager’s fund, but also on its volatility and its correlation to the rest of the investor’s portfolio. Hyperpassive funds — an approach suggested by the new mandate scheme — show promise.
jun 25, 26
The email address patrick@burns-stat.com was out of action for a few hours today. It is back now.
jun 25, 26
Customization in R. Basics Several features benefit from being customizable — either because of personal taste or specifics of the environment. The way R implements this flexibility is through the [...]
jun 25, 26
How to control the limits of data values in R plots. R has multiple graphics engines. Here we will talk about the base graphics and the ggplot2 package. We’ll create [...]