by admin | Nov 11, 2009 | GIPS, verification
The GIPS (r) standards allow verifiers to use sampling to conduct their reviews. This makes perfect sense … otherwise, the costs might be prohibitive if every account, for every time period, for every composite had to be checked. Also, sampling has long been an...
by admin | Nov 7, 2009 | attribution, fixed income attribution
In spite of this year’s market downturn, TSG’s upcoming Trends in Attribution Symposium (TIA) will have a very good turnout. We’re obviously quite pleased by this. With roughly two weeks to go there’s still time to be a part of this event....
by admin | Nov 6, 2009 | GIPS
In explaining GIPS(R) discretion to a client, I hit upon a metaphor: cooking. Let’s say you go out to a fancy restaurant that is serving the “chef’s special” that evening. It sounds quite appealing, except you’d like to alter it in some...
by admin | Nov 5, 2009 | attribution
Yesterday I discussed the “pricing” effect. Today I want to briefly touch on another “new” effect. By “new,” I don’t necessarily mean that it’s a recent introduction of an effect, but it’s new relative to the other...
by admin | Nov 4, 2009 | attribution, fixed income attribution
We recently met with a client for whom we’re designing a fixed income attribution system. During our meeting the subject of the “pricing” or “price difference” effect came up. This effect identifies the impact when the portfolio and...
