Opturo’s Proprietary IRR Engine Memo

Read how Opturo’s proprietary IRR engine fixes the issues found in traditional IRR calculations like Excel’s XIRR function.

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Opturo’s Proprietary IRR Engine Memo

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Decomposition Versus Decision-Evaluation

Opturo--Andre Mirabelli, Ph.D.-- Modeling is more than a mathematical exercise. Its proper intent is to provide insight into the actual structure of the system being addressed. This requires more care then is typically exercised in the construction of models evaluating the amount to be attributed to each decision that contributes to a fund's active return…
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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…

A bi-weekly challenge from Andre Mirabelli & Opturo (November 9, 2020)

How should a performance modeler address the following? What criteria should be used to decide between different methods of iteration, including the seeding procedure, for the calculation of IRR? This is especially relevant if it turns out that different iteration procedures give significantly different resulting IRR values a non-negligible portion of the time. For example, would…