I have written before that starting date is everything when we are looking at comparing the performance of instruments. Fudging starting dates is a favourite trick of fund managers when trying to make their fund look good, they simply hunt around for a starting date that makes them look good and then runs with that.…
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I remember it like yesterday… The date was 17 June 1999, and the dealing room was unusually quiet. A big announcement was pending… one that would turn my life and career inside out. You see, my employer — Bankers Trust (BT) — was no longer. A takeover by Deutsche Bank had lowered the curtain on…
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