With the accurate comparison of the performance of private client portfolios proving a complicated task, it is clear the industry needs to rethink its approach
It is human nature to want to know who is the best at anything and everything. The variety and sheer number of entries in the Guinness World Records book provides conclusive proof of this. Close behind the desire to know who is the best, is the question of who is above and who is below average. Nobody likes to be below average, which is a problem given that, by definition, around half of any sample being measured will fall into this category. The investment arena is certainly no exception to the tyranny of statistics. Investors want to know how they are doing, not just in monetary terms b...
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