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The Pros & Cons of Overlay Portfolio Management Outsourcing

Posted by on Dec 9, 2009 in Conference Summaries

Excerpts from the 2009 MMI Technology & Operations Conference. The speaker for this session was Randy Bullard, Executive VP, Institutional Business Development, Placemark Investments. What is Overlay Management? Randy began by breaking down Overlay Portfolio Management (OPM) into two main components: Administrative/Operational Functions – Mostly accounting tasks such as simple asset class rebalancing, managing cash […]

Technology Impact of Models-Only UMA and UMH Programs

Posted by on Dec 2, 2009 in Conference Summaries

Excerpts from the 2009 MMI Technology & Operations Conference. The speaker for this session was Jean Sullivan, Managing Director at Dover Financial Research. What is the Technology and operational impact of the increasing growth of model only programs, UMA and UMH? How are firms on all sides of this process managing the challenges these programs […]

What Went Wrong in Managing Risk and How Can We Do Better?

Posted by on May 19, 2009 in Conference Summaries

This is a summary of a session from the FRA’s Performance & Risk Measurement Symposium that was held in Boston on April 23-24, 2009. Speaking in this session was James E. Hollis, CFA, Managing Director of Cutter Associates. Jim provided a well-researched overview of the recent financial crisis as well as some tangential, but interesting […]

Financial Crisis Failures and 
Improving Risk Management

Financial Crisis Failures and 
Improving Risk Management

Posted by on May 16, 2009 in Conference Summaries

This is a summary of a session from the FRA’s Performance & Risk Measurement Symposium that was held in Boston on April 23-24, 2009. Speaking in this session was James E. Hollis, CFA, Managing Director of Cutter Associates. Jim provided a well-researched overview of the recent financial crisis as well as some tangential, but interesting […]

Going Beyond the Fundamentals of Benchmarks and Getting it Right!

Posted by on May 7, 2009 in Conference Summaries

This is a summary of a session from the FRA’s Performance & Risk Measurement Symposium that was held in Boston on April 23-24, 2009. Speaking in this session was Ronald J Surz, President & CEO of PPCA, Inc. Ron is a pension consulting veteran, having started with A.G. Becker in the 1970’s.  He earned an […]

Proposed Changes to GIPS Standards

Posted by on Apr 28, 2009 in Conference Summaries

Last Thursday and Friday, I attended the Financial Research Association’s Symposium on Performance and Risk Measurement in Boston.  There were a lot of informative sessions and I took almost ten pages of notes, so I should have enough material for a bunch of posts. Unfortunately, I wasn’t able to travel on Wednesday evening, so by […]

Defining Tax Management

Posted by on Mar 15, 2009 in Conference Summaries

In the most recent edition of my Managed Accounts Newsletter (MA Monitor, Feb 2009), I compared different recommendations of the minimum value for a managed account that is required in order for tax management to be effective. The values ranged from $0 (no minimum) up to $1,000,000: $1,000,000 — Dale Rottschafer, CIO, Metamorphosis Money Management […]