GLG's Use Of Inalytics Analysis Of Manager Skill

The past performance of investment managers is often imagined to be a useful predictor of future returns. In our industry, intuition does not correspond with reality as a good period of performance is just as likely to be followed by a poor one. This would not be such a problem were it not for the fact that even some of the smartest investors tend to disregard the evidence and their own bitter experience, and treat track records as short hand for skill. “If they had outperformed then they must be skillful, and vice versa”.
Inalytics GLG Case Study