Quantity Not Enough

Traders Magazine, February 2002

Gregory Bresiger

The Investment Counsel Association of America (ICAA) is skeptical of some of the best execution guidelines issued by the Association for Investment Management and Research (AIMR), a group which puts too much emphasis on quantifying results, according to the ICAA. The Charlottesville, VA.-based IIMR guidelines contend that best execution means, "well-informed trade execution decisions made with the intention of maximizing the value of client portfolios under the particular circumstances of the time."