by admin | Sep 14, 2010 | Investment Performance Guy, News
Earlier this year I attended a football (soccer, for you Americans) game at Wembley Stadium in London. During half time my host informed me that we weren’t permitted to take our beers into the “pitch” (to our seats, in essence) because of prior...
by admin | Sep 14, 2010 | arithmetic attribution, attribution analysis, attribution linking, CIPM expert, GRAP linking, smoothing
At the Expert Level, CIPM candidates are required to learn a few of the more commonly used linking methodologies for smoothing the attribution effects that come from arithmetic models. The required methodologies include: CariñoMencheroGRAPOf these methods, the GRAP...
by admin | Sep 10, 2010 | GIPS, Global Investment Performance Standards
I just got off the phone with a GIPS(R) (Global Investment Performance Standards) verification client, who is splitting away their institutional business from the trust side of their firm: a common step for banks and trust companies. They must decide on what an...
by admin | Sep 8, 2010 | GIPS, Global Investment Performance Standards
When I was in the Field Artillery (many years ago), a gun battery would, once it had established a new position, orient their weapons to adjust for any misalignment which may have taken place since the last time they had been calibrated. This way, if a howitzer was...
by admin | Sep 7, 2010 | Investment Performance Guy, News
I am conducting a GIPS(R) (Global Investment Performance Standards) verification for a client who asks their clients to provide a “personal benchmark.” That is, the return the client hopes to get on an annual basis. Assuming there will be cash flows during...