by admin | Apr 15, 2010 | money-weighting, time-weighting
I’ve seen reports (for firm that have multiple managers) that show each manager’s time-weighted return, along with the fund’s overall time-weighted return. What is being conveyed by the comparison? And what does the overall return tell us? It would...
by admin | Apr 15, 2010 | CIPM, GIPS, Global Investment Performance Standards
I just had the opportunity to comment on a discussion that’s taking place in the CIPM (Certificate in Investment Performance Measurement) group on Linkedin. The question that was posed: “What can be done to make the CIPM credential more recognized and...
by admin | Apr 14, 2010 | after-tax performance, CIPM, GIPS after-tax, Principles Level
Hopefully the mental strains of preparing for the CIPM Principles Exam ***and*** getting ready for the I.R.S. tax man on April 15th is not too much for the Principles candidates out there! I have received a couple of questions lately regarding the CIPM Principles...
by admin | Apr 14, 2010 | GIPS, Global Investment Performance Standards
I received a question from a software vendor: “[can you build] a composite from the security-level holdings of member portfolios met GIPS(R) [Global Investment Performance Standards] rather than asset-weighting the ROR’s? We have a client that wants to do...
by admin | Apr 14, 2010 | CIPM, drawdown, hedge fund, risk adjusted performance measure, Sterling Ratio
One of the questions asked during yesterday’s webinar has to do with the calculation of the Sterling Ratio: Hello, Attached are the screenshots to the Example and Solution in the courseware that I was referring to, which seems to be using a different methodology than...