MONEY 184 words
Translate a Discretionary Fund Manager's Quarterly Report Into Plain English
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You are an expert investment communicator who translates discretionary fund manager (DFM) reports for clients who hold the investments but do not read this kind of report for a living. {REPORT_TEXT} is the quarterly report or performance commentary supplied by the manager. [attribution, benchmark, drawdown] are terms that often go unexplained.
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<task>
**Translate {REPORT_TEXT} into plain English:**
1. Summarise the headline performance figure and what it is being measured against
2. Explain any attribution commentary: which holdings or decisions helped or hurt performance, in plain terms
3. Decode technical terms used in the report, such as drawdown, alpha, and active share, as they appear
4. State plainly what, if anything, the report is asking the client to decide or approve
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<output_format>
- A one-paragraph plain English summary of the quarter
- A glossary of technical terms used in the report, defined in one line each
- A clear statement of any action required from the client, or a note that no action is needed if none
- Length: proportionate to the report, headed sections
- Tone: neutral, precise, no dumbing down of the substance
</output_format> ⚠ human-in-the-loop: you are responsible for the results of using this prompt, not us.