ASSET MANAGEMENT - COMPANION FILES
julianrsterling.com/mandate

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Revised 24 September 2026.

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WHAT IS IN THE ARCHIVE

1. The book's four workbooks, corrected
   The_Four_Numbers.xlsx              Chapters 1, 4, 5, 7 and 14
   Time_and_Money_Weighted.xlsx       Chapters 4, 5 and 14
   Attribution.xlsx                   Chapters 2, 3 and 8 to 11
   Fees_Active_and_Passive.xlsx       Chapters 6, 12, 13 and 15
   00_START_HERE.md                   what changed is at the end
   Each workbook closes on a checks sheet: 160 controls, each to half a
   unit of the last decimal the book prints, every sheet ALL OK.

2. Blank_Model_Set/  (new)
   The four workbooks with every input emptied, for your own mandate. Each
   checks sheet counts what is still missing and tests what holds for any
   inputs. The book's figures are in book_inputs.txt: type them back in and
   the book's results come back.

3. Working_Documents.pdf  (new)
   Thirteen printable pages: the four numbers on one page, reading the
   mandate, the benchmark interrogated, time-weighted and money-weighted
   return by hand, the fee year by year, attribution that reconciles, the
   risk page, the benchmark as an account, the flow effect addressed to its
   owner, every window, opening a composite, and the decision paper to
   retain or replace a manager. A4, fits Letter.

4. Forty_Questions.xlsx  (new)
   Forty questions across the book, marked by the file as you type.

5. Cases/  (new)
   Case_1_The_Premium_From_Cash.xlsx              Chapter 14
   Case_2_The_Fee_Escalator.xlsx                  Chapters 6 and 12
   Case_3_The_Transition_As_A_Cash_Flow.xlsx      Chapter 18
   Each case: the note on the first sheet, the model after it, checks at the
   end. Figures the book does not give are marked ADDED.

The files open in Excel, LibreOffice Calc, Google Sheets and Numbers. No macros.
