by admin | Jul 6, 2010 | GIPS, Global Investment Performance Standards
Effective 1 January 2010, GIPS(R) (Global Investment Performance Standards) compliant firms are obligated to revalue their portfolios for large cash flows. A Q&A made it clear that this applies to firms that use the “aggregate method” to derive their...
by admin | Jul 6, 2010 | risk, value at risk
I typically tell the students who attend our Fundamentals of Performance Measurement course that risk is the most challenging aspect of our industry. We can’t agree on what it means or how to measure it. And while many today see risk as either being the...
by admin | Jul 2, 2010 | Investment Performance Guy, News
Palm Beach, Florida-based money manager Carl Domino, Inc. typically sends notes preceding various holidays, and this week was no exception. I was one of the many fortunate ones who received this greeting: July 4th is an important day in America’s history. A day where...
by admin | Jul 1, 2010 | Investment Performance Guy, News
I taught our Introduction to Performance Measurement course yesterday and one student asked how one might know whether, if the tracking error is high, it is because of (a) active management or (b) the wrong index being used? I don’t believe there’s a...
by admin | Jul 1, 2010 | GIPS, Global Investment Performance Standards
I just got a question from a client. They often bundle accounts into a “household” for reporting purposes. And, it’s the household which actually reflects their strategy; that is, the individual accounts may have pieces of the strategy, but the...
