by admin | Jan 16, 2010 | Investment Performance Guy, News
We urge you to consider giving to the relief efforts in Haiti. This poor nation has been thrown into a horrible state as a result of a severe earthquake. Thousands and thousands of people have lost their lives, and those who are living are struggling to find food and...
by admin | Jan 14, 2010 | GIPS, Global Investment Performance Standards
I got a call this week from a firm that is trying to deal with the recent changes to the Global Investment Performance Standards (GIPS(R)) rules regarding carve-outs. As of January 1, firms that wish to use carve-outs must manage their cash separately. While this may...
by admin | Jan 13, 2010 | GIPS, Global Investment Performance Standards, hedge funds
The Global Investment Performance Standards (GIPS(R)) don’t currently have any rules or guidance specifically geared to the world of hedge funds, which seems a pity. Some think that “everything you need to know is already there,” but I don’t....
by admin | Jan 13, 2010 | attribution, Global Investment Performance Standards
I suspect that software vendors are often frustrated by some of the requests they receive from clients. Clients occasionally ask for things that don’t make sense, but the vendors have to respond (or attempt to convince the client that they’re wrong, which...
by admin | Jan 12, 2010 | beta, risk
A 1992 Journal of Finance article by Fama & French is often cited as the source for the line, “Beta is dead.” Recall that Beta is a measure of volatility; actually, a security’s volatility vis-a-vis the market. It is used in the Capital Asset...
