A bi-weekly challenge from Andre Mirabelli & Opturo (May 11, 2020)

Should the gross portfolio return reported for day t depend on the amount of fee accrued to day t-1 when the fee was not actually paid until day t+1?
In the Opturo Newsroom, this is brought up in ‘Challenges Building A Performance & Attribution Application’ and is addressed in the published research paper “Portfolio Net of Fee Performance”.