When SEAMARK was launched some 30 years ago, performance was largely viewed in relation to that of other investment managers. By definition, half of the field would be winners (above median), and the other half would be below. This dividing of the pack was an effective way of keeping money managers focused on performing. The growth of many great investment management firms was a consequence of sustainably delivering industry leading performance…
Download file below for full content:
Which Benchmark Really Matters?