by admin | Dec 9, 2009 | GIPS, Global Investment Performance Standards
I’m still a bit befuddled by the GIPS(R) error correction guidance, which goes into effect in three weeks. I guess I’m relieved that I’m not alone, but I’d feel a lot better if it was crystal clear. The guidance provides for four levels of...
by admin | Dec 8, 2009 | risk, value at risk
The current issue of the NYSSA’s (New York Society of Security Analysts) journal contains an article I wrote on Value at Risk. I invite you to view it. It’s intended as a basic introduction to how one can calculate VaR using the Variance/Covariance (aka...
by admin | Dec 5, 2009 | abbreviations, acronyms, writing
This post has NOTHING to do with performance. It’s the weekend, and I simply want to comment on the use of abbreviations and acronyms. First, I fully support their use. In fact, I favor even more use of them. Let’s first consider the difference: as...
by admin | Dec 4, 2009 | GIPS, verification
As promised, I commented further on the topic of verification firms avoiding “field work” in our newsletter. A colleague from another verification provider responded with the following: “I was reading your most recent article regarding verifiers who...
by admin | Dec 3, 2009 | GIPS, Global Investment Performance Standards, Returns
A client recently asked about dealing with “breaks” in performance. First, what IS a break? We’d define it as a temporary loss of discretion over a client’s assets, during which time no trading can be done. Breaks can be caused by changes in...
