by admin | Dec 10, 2009 | cash flows, GIPS, Global Investment Performance Standards
Perhaps it’s partly because “significant” and “large” can be viewed synonymously that we find confusion regarding how firms can handle these within GIPS(R). One of our clients was clearly thinking that “significant” means the...
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...
