by admin | Dec 30, 2009 | CIPM, ethics, GIPS, Global Investment Performance Standards, money-weighting, Returns, time-weighting
Calculating rates of return really isn’t that difficult. And while we may debate whether returns should be calculated using money-weighting or time-weighting, such issues pale in comparison with the broader aspect of ethics. I must confess that I initially...
by admin | Dec 29, 2009 | GIPS, Global Investment Performance Standards
When commenting on someone’s writing I often recommend using the active voice. A recent example may help. A client sent us their GIPS(R) Policies & Procedures document to review. It included the following: “there are few industry-accepted standards for...
by admin | Dec 29, 2009 | Investment Performance Guy, News
In a recent blog piece, Larry Kudlow discussed how the yield curve is portending a positive economic environment for 2010; here’s part of what he wrote: “The Yield Curve is Signalling Bigger Growth “What’s a yield curve and why is it so important? ...
by admin | Dec 27, 2009 | Investment Performance Guy, News
In last week’s Wall Street Journal, there was an entire section dedicated to revisiting the end of the first decade of the 21st century. But, on this one, the WSJ has it wrong: they’re a year too early. The first century (A.D.) began in year 1 and ended in...
by admin | Dec 19, 2009 | Investment Performance Guy, News
I decided that this week will be a break from blogging. And so, I wish all of our Christian readers a blessed and very Merry Christmas; to our Jewish readers, a somewhat belated Happy Chanukah; and to everyone, a prosperous, healthy, safe and Happy New Year! May 2010...
