A standardized scorecard can reduce recency bias and improve committee-level decision quality.
Build Weighted Categories
Common categories include:
- Investment Process
- Risk Governance
- Team Stability
- Operational Resilience
- Reporting Quality
Use Evidence, Not Narratives
Every score should map to evidence: policy documents, historical attribution, drawdown behavior, and implementation records.
Align Scores to Mandate Fit
A manager with strong returns can still be a poor fit for a specific mandate if liquidity terms, risk profile, or governance cadence diverge from client requirements.
Keep a Versioned Record
Store historical scorecards so changes in conviction can be traced to specific events or data updates.
References
- Sample allocator governance workflows
- Committee memo templates