by admin | Oct 11, 2010 | benchmarks, GIPS, Global Investment Performance Standards
We conduct a lot of GIPS(R) (Global Investment Performance Standards) verifications, and often see managers use the S&P 500 as the benchmark for their composite. But this is often the wrong one to use. For GIPS purposes the index should tie into the...
by admin | Oct 8, 2010 | attribution
I was teaching an attribution class recently, and a student asked for a simple explanation as to why arithmetic attribution effects don’t link (geometric do, which is one of its advantages over arithmetic). The person recognized that the effects don’t...
by admin | Oct 7, 2010 | Investment Performance Guy, News
I have become increasingly aware of how the term “audited” is often used. Several of our clients refer to their performance returns as “audited” or “unaudited.” But are they actually “audited”? In most cases, no. Clearly...
by admin | Oct 5, 2010 | Investment Performance Guy, News
We have launched a survey that addresses the increasingly important topic of risk measurement. And while we’ve surveyed the industry on the presentation standards, attribution, performance measurement technology, and the performance measurement professional,...
by admin | Oct 5, 2010 | currency, GIPS, Global Investment Performance Standards, multicurrency
During last week’s GIPS(R) (Global Investment Performance Standards) conference in San Francisco, I had a conversation with a client who posed an interesting question. They have a US Equity mutual fund that until recently only had U.S. investors. However, a...
