Glossary · Performance and reporting
Composite
A composite is a grouping of portfolios managed to a similar strategy, reported together to show how that strategy performed across all clients who received it.
Composites exist to prevent cherry-picking. A firm that shows its best account is telling the truth about that account and nothing useful about the strategy.
The discipline is in the inclusion rules: which accounts belong, when they enter and leave, and what happens to accounts that closed.
Read more: Composites, and what they mean →
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