by admin | Dec 9, 2011 | error correction, GIPS, Global Investment Performance Standards
We held a webinar on Monday devoted to the GIPS(R) (Global Investment Performance Standards) Error Correction Guidance Statement. As I pointed out in the session, this GS is one of the most confusing that has been offered, though the newest version is definitely much...
by admin | Dec 8, 2011 | attribution, performance attribution
I got an email from a client recently, asking how one should treat the case where a manager has zero exposure to one of the sectors in the benchmark.If you are using one of the Brinson models and simply use the formulas as written, you’ll find that the...
by admin | Dec 5, 2011 | GIPS, Global Investment Performance Standards
One of our GIPS(R) (Global Investment Performance Standards) verification clients may be changing their name soon. What is the requirement for dealing with this?Well, technically there is nothing explicit that I have found which deals with this matter: a quick check...
by admin | Dec 1, 2011 | attribution
I got an email from someone today asking how to calculate transaction-based attribution. I addressed this during our recent Attribution Week, but will touch on it briefly here, and in greater detail in this month’s newsletter.Recall that attribution relies on...
