“I love it when a plan comes together.” - Colonel John "Hannibal" Smith, the leader of the fictional mercenary group known as The A-Team When planning projects and their implementation, you always need to account for variables; the ones you know and the ones you may not expect but should. This is a fundamental principal of mine when I am assisting clients in performance systems’ implementation. This basic understanding was brought to light yesterday as I was heading

Performance as a tool should not be limited to what we are used to using it for, that is creating monthly and quarterly reports, performance remuneration and snapshots as to how our investments are doing. The field of Investment Performance is underutilized more so than any field in the industry. One significant aspect of the investment process that is not formally documented and analyzed is execution. Execution can make a break a great investment thesis. Let’s remember that

CEO Bill: “Frank, we see that the Super Alpha Generator strategy is underperforming. Can you provide some insights and colour to this? PM Frank: “Insight into our underperformance is a great question, Bill. Looking at the market and the movement of our holdings, we have underperformed due to market conditions. Our strategy is solid and over the long will produce what we are looking for.” If market conditions is your firm’s favourite response to your performance, you’re under-