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Book Excerpt: Market Bubbles And A Fund Manager s Pressure To Perform

At the end of one poorly performing year, I was tempted to “window dress” the portfolio. Mutual funds and portfolio managers use the strategy of window dressing to improve the appearance of a fund’s performance at the end of the year or quarter. Lesson learned: Surround yourself with good people, listen to them especially if you know they have your best interest at heart and do not allow the pressures of the job to break your moral compass, writes Kara Tan Bhala.

BSP wants banks to shift to alternate rates way ahead of LIBOR exit

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is encouraging local banks to “proactively” transition all of its London Inter-Bank Offered Rate (LIBOR)-related exposures to alternate or replacement reference rates before it begins its cessation process in three months or in January 20

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