How can investors improve evaluation of active managers? In part II of our Don’t Look Back series we explore five ways allocators can take advantage of the data in monthly risk reports they received from their managers. There is no trick or shortcut to great analysis, you must first gain full control of your data. But after that is done relatively simple steps can be taken to shed light on critical portfolio metrics like scalability and skill sets like security selection. In some cases what you discover may be eye-opening to the manager themselves.