A study in asset allocation. Currently I lean towards minimising the loss of individual asset ledgers, and not minimising the loss of the general fund ledger. This is dumb isn't it? Well my hypothesis is that it is a good drill in asset allocation, for each of 18 assets, and so it will train me to improve governance of discrete components, and not just look at the net effect of a whole portfolio. I feel it is a challenging study, so that is unfortunately, the only guidance at this time. That's the problem with being both mandater and mandated, I suppose.
One of the problems I've lived with my entire life, is a style of national governance that is grandiose in federation, but crumbly at the microscale. I suppose this is just my reaction to that environment.
Two years of farting around without a clear focus on whether to focus on individual asset ledgers, or the entire portfolio. Probably due in good part to a lack of observability. This got fixed recently with a time-series dashboard of per-asset P&L - prior to which I was not-so-recently working with only a single column of net-to-date per-asset P&L. Ah well. Gradual improvements to ops.
No comments :
Post a Comment