Performance Attribution Systems: New Entrants, Expanding Scope
How is that well-known hedge fund manager bringing in stellar returns when many of his peers have been hit with major losses? Is it asset allocation, security selection, currency trading, derivatives activity, or all of the above? And can that mutual fund that has failed to reach expected results turn its performance around?
In a highly volatile market, companies that provide cutting-edge tools to help investors answer those questions by dissecting portfolio performance are seeing a marked increase in interest. "When markets go bad, the demand for performance measurement and attribution capabilities goes up," notes Phillip Silitschanu, senior analyst at Boston-based Aite Group.
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