I am comparing four different money managers SMAs - and I used all the different sharpe ratios, information ratios, alphas, betas, etc… to paint a colorful picture for investment, and to brutally rip into a manager who is playing in the large cap active management sandbox.
Thought you all should know.
I’m doing pretty much the same thing right now- I’m also looking at batting averages, which I had never heard of til today
Ha. For real. IDK why it’s not in there either.
I used my CFA knowledge (VaR, CVaR etc) the other day in a job interview. Didn’t get the job, for which I put the blame solely on CFAI.
Then you realize they all will eventually underperform the S&P 500, but at least you’re keeping them in business I guess…
more close to CIPM materials // alpha means Jensens’ or any kind of multifactor(FF, Carhart)? // Jensens’ is totally garbage except for estimating market exposure at least… if alpha totally bullshit…
i like this
WAY TO GO!
CFA knowledge helped me to change a job - right opinion at right time was expressed and my boss have heard it, likely