{"id":6344,"date":"2020-09-14T11:27:00","date_gmt":"2020-09-14T11:27:00","guid":{"rendered":"https:\/\/opturo.com\/staging\/?p=6344"},"modified":"2025-11-19T10:23:51","modified_gmt":"2025-11-19T10:23:51","slug":"a-bi-weekly-challenge-from-andre-mirabelli-opturo-5","status":"publish","type":"post","link":"https:\/\/opturo.com\/staging\/a-bi-weekly-challenge-from-andre-mirabelli-opturo-5\/","title":{"rendered":"A bi-weekly challenge from Andre Mirabelli &amp; Opturo"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">How does an attribution modeler address the following challenge?<br>If a Fund achieves 50% one year and 0% the next, and its Benchmark achieves 0% the first year and -50% the next, then the active return each year is 50%. Is the annualized active return 50%? Or is the annualized active return the annualized Fund return minus the annualized Benchmark return:{[(1+ 0.5)<em>(1+ 0)]^(1\/2) &#8211; 1} &#8211; {[(1+ 0)<\/em>(1- 0.5)]^(1\/2) &#8211; 1} = 51.7%?.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How does an attribution modeler address the following challenge?If a Fund achieves 50% one year and 0% the next, and its Benchmark achieves 0% the first year and -50% the next, then the active return each year is 50%. Is the annualized active return 50%? Or is the annualized active return the annualized Fund return [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1360],"tags":[],"class_list":["post-6344","post","type-post","status-publish","format-standard","hentry","category-research-white-papers"],"meta_box":{"file":[],"external_link":""},"_links":{"self":[{"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/posts\/6344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/comments?post=6344"}],"version-history":[{"count":2,"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/posts\/6344\/revisions"}],"predecessor-version":[{"id":6424,"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/posts\/6344\/revisions\/6424"}],"wp:attachment":[{"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/media?parent=6344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/categories?post=6344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opturo.com\/staging\/wp-json\/wp\/v2\/tags?post=6344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}