Insights and Articles for Investment Managers

Aapryl Expected Alpha

21 August, 2018 Posted by Sasan Poitevien

Anyone who has ever looked at a mutual fund fact sheet or an investment manager performance report has seen the phrase “past performance does not guarantee future results” posted somewhere on the page. Of course, including this disclaimer is required by virtually every regulatory authority when presenting investment performance. In reality, most of us ignore this warning. We believe that we are smarter than the average investor and that the disclaimer is government mandated language that simply does not apply to us.

Introducing Opportunity Score

13 June, 2018 Posted by Sasan Poitevien

When evaluating college applications, admission officers try to ascertain whether applicants took advantage of opportunities in high school by taking available advanced placement and honors courses. The purpose of the inquiry is to determine if prospective students took the risk of challenging themselves with harder courses or did they play it safe and take the standard courses.

Not All Ranking Systems are Created Equal: Using Aapryl Return to Rank Managers

9 May, 2018 Posted by Sasan Poitevien

It is safe to say that when it comes to manager selection, the investment industry is obsessed with statistics. While it starts with performance information, investors slice and dice the numbers to try to glean information about a manager’s risk and consistency, all in an effort to choose the best manager. Lists of top fund managers are often published based on these performance statistics, and investors use these statistics to screen for the most skilled managers.

Aapryl Perspectives

Aapryl Expected Alpha

Introducing Opportunity Score

Not All Ranking Systems are Created Equal: Using Aapryl Return to Rank Managers