Post by The Cecily Group

Strong performance doesn't automatically indicate strong managerial skills. During favourable markets, managers with higher market sensitivity can appear highly successful because risk-taking is rewarded. The difference often becomes visible only when market conditions deteriorate. Capture ratios help uncover these behavioural patterns by showing how managers participate in both gains and losses. This provides a deeper view of risk, resilience, and the role each manager plays within the broader portfolio. Read the full article: https://lnkd.in/derpGjRH Learn more about our independent reporting service:  https://lnkd.in/dD3Hhazu Visuals: Liubov Popova - Textile design, Frantisek Kupka - Syncopated Accompaniment, Juan Gris - The Bottle of Anis del Mono, Kazimir Malevich - Morning in the Village after Snowstorm, Theo van Doesburg - Still life #FamilyOffice #InvestmentGovernance #PortfolioManagement #AssetManagement #RiskManagement #FinancialReporting