Beware of performance records compiled with a small base of assets -- "incubator" funds, as the industry cynics call them.
Peter Lynch ran the Fidelity Magellan fund from 1977 to 1990 and had one of the best performance records in history for a mutual fund manager an annualized return of over 29% per year.
We find that the simulated records for both scenarios fail to reproduce the universal scaling behavior of the observed records and display wide performance differences.
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Although some active managers may experience more short-term volatility and higher tracking error with their benchmarks, this growing trend should lead investors to look to active managers with long-term track records of strong risk-adjusted performance, as I foresee on-going attractive equity returns in the years ahead.
Like Akbank, an elite group of companies is also offering detailed disclosure of their environmental performance records.
Other managers complained they were excluded from consultant searches, despite their performance records, because of pay-to-play schemes.
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One more thing that is frequently overlooked by investors but is just as important, in our view, as performance records: the cost of ownership.
Is it not unreasonable, in an age of trillion dollar budget deficits, to deny funds to students whose high school records, previous college performance, or test scores suggest have little likelihood of success?
Olympic athletes stretch the very fabric of human performance, smashing world records with their grit, heart and sweat.
As you know from the moniker underneath my name on the top of this column page, I also report on recommendations from smart individual investors with outstanding performance track records, oftentimes a lot more impressive than professionals managing billions of dollars.
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The concept is that in any area of performance in which skill is generally improving across the board running records being broken because of better training regiments, investing skill improving because of better access to information there will be a reversion to the mean.
For example, if an athlete has a contract that pays regardless of injuries, performance, or criminal records, then his ability to accept risk increases.
But Spain's Labour Ministry said it was the best performance in the month of December since existing records began in 1996, with young people, women and first-time workers doing particularly well.
At trial, the court denied a Motion to Suppress but on appeal the Florida Supreme Court reversed, holding that in order to reach the level of probable cause, the State needed to demonstrate the reliability of Aldo through such factors as field-performance records showing how many times the dog had falsely alerted.
Next we targeted the work of those analysts at these firms who have the best performance records with their buy and sell recommendations.
And a generation raised on the glossy perfection of records will not tolerate mistakes, no matter how engrossing the overall performance may be.
He built a Sonic Pavilion in Brazil that records the sound of plate tectonics one year, and then created a video and performance piece on a barge in Greece the next.
The Miami New Times last month published records that allege Rodriguez purchased performance-enhancing substances in recent years from Biogenesis of America LLC, a now-closed clinic in Coral Cables, near Rodriguez's offseason home.
The Miami New Times last month published records that allege Rodriguez purchased performance-enhancing substances in recent years from Biogenesis of America LLC, a now-closed clinic in Coral Gables, near Rodriguez's offseason home.
That's because, just as with individual records like home runs, team performance has to be measured away from folklore and against the standard of the era in which it occurred.
Modern box-office records set with an extra evening of screenings deserve an asterisk, some industry insiders say, much like records set by athletes who use performance-enhancing drugs.
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