Panel session: Lies, damned lies & statistics – the truth about performance

Mon Nov 5, 2012


Taking a forward approach


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Ian Prideaux
  
Mike Weston
Roxanne Martino 
  

Robert Kosowski 
 

W hat do investors need to look at to get the full picture on performance? What timeframes? What benchmarks? Does the standard three-year timeframe paint an accurate picture in hedge funds, or should investors slice and dice performance so that it works with their portfolios? These questions and more were considered in this session on the truth about performance.

Roxanne Martino, partner, president, chief executive officer and portfolio manager at Aurora Investment Management, said most institutional investors are working to a longer time horizon than the three-year benchmark. "Since 2000, equities have pretty much disappointed and diversification is important for return generation but you have to expect periods of underperformance even with a diversified portfolio," she noted.

Since most investors are long-term buyers, the importance of timeframe becomes key. At...

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