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| Fourth Quarter 2008 | ||
IN THIS ISSUE |
Market Commentary | S&P/TSX Composite Sector Performance |
| Market Benchmarks | Highlights | |
| Report of the Quarter | ||
HighlightsPerformance & Risk Analytics Product Manager Wins Award For Excellence in Performance Measurement Writing BNY Mellon Asset Servicing, the world leader in securities servicing, announced that analytics product manager David Asermely has won The Spaulding Group’s prestigious Peter O. Dietz award for excellence in performance measurement writing for his white paper “Long/Short Portfolio Analytics.” As the winner, Asermely will be invited to keynote the group’s PMAR (Performance Measurement, Attribution & Risk) conference in May 2009. Asermely’s paper, published in the Summer 2008 edition of The Journal of Performance Measurement®, highlights best practices in aggregating and analyzing performance analytics for enhanced active equity portfolios – such as 120/20 and 130/30 products – and market-neutral portfolios. He worked closely with investment managers and plan sponsors for two years in researching the study. An employee since 2001, Asermely is responsible for product management within BNY Mellon Asset Servicing’s Performance & Risk Analytics product line. “We’re proud of David for winning this prestigious honor and for his continual efforts to advance our thought leadership in this area,” said Greg Stewart, first vice president and regional product manager at BNY Mellon Asset Servicing. “Long/short products have drawn intense market interest the past few years, and we believe David’s work brings great value not only to our organization but more importantly to our clients who manage or invest in such portfolios.” Each year, The Journal of Performance Measurement’s advisory board casts ballots to decide who will be the Dietz recipient. The award is named for Peter O. Dietz, whose seminal work, “Pension Funds – Measuring Investment Performance,” was the basis for industry performance reporting standards. Dietz is also known for the Modified Dietz Method and other formulas to calculate rates of return still widely used today. To read David’s whitepaper in its entirety, click on the link provided below.
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