[Verse 1] Portfolio managers measure their success today Time-weighted returns show the skill in every trade Money-weighted captures when the cash flows in and out Client brings ten million when the market's riding doubt [Chorus] GIPS compliance keeps the numbers crystal clean Sharpe and Treynor ratios reveal what returns mean Benchmark battles, attribution games we play Macro allocation, micro picks along the way [Verse 2] Custom benchmarks built to match your strategy tight Passive index tracking doesn't capture what's right Brinson method breaks apart the equity gains Asset allocation versus stock selection reigns [Chorus] GIPS compliance keeps the numbers crystal clean Sharpe and Treynor ratios reveal what returns mean Benchmark battles, attribution games we play Macro allocation, micro picks along the way [Bridge] Jensen's alpha measures skill beyond the beta ride Information ratio shows how wide those tracking errors hide Sortino focuses on downside deviation's sting M-squared adjusts the leverage that volatile returns bring [Verse 3] Fixed income attribution splits the yield curve moves Duration bets and credit picks, see which strategy proves Sector rotation, security selection side by side Currency effects and carry trades cannot hide [Chorus] GIPS compliance keeps the numbers crystal clean Sharpe and Treynor ratios reveal what returns mean Benchmark battles, attribution games we play Macro allocation, micro picks along the way [Outro] Time-weighted shows the manager's pure skill Money-weighted tells the client's timing thrill Performance measurement separates the wheat from chaff GIPS standards guarantee no one gets the last laugh
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