by admin | Mar 8, 2012 | Investment Performance Guy, News
On a recent drive to and from a GIPS(R) (Global Investment Performance Standards) verification client, I began to listen to a book on Einstein and some of his friends, which included Kurt Gödel. I don’t recall hearing of Gödel before, but do recollect his...
by admin | Mar 7, 2012 | GIPS, Global Investment Performance Standards
Those who were around “at the creation” recall the debates regarding whether composite returns should be equal- or asset-weighted. Two groups in particular, the ICAA (Investment Council Association of America; now the IAA) and IMCA (Investment...
by admin | Mar 6, 2012 | Investment Performance Guy, News
In today’s WSJ, on page C1 there’s an article titled “You Hear That? It’s Quiet…Too Quiet,” that mentions that it’s been 45 trading days without a 100-point decline in the Dow, which is apparently the longest stretch since...
by admin | Mar 6, 2012 | GIPS, Global Investment Performance Standards, overlays
Many firms avail themselves of currency overlays, as well as other overlay strategies, which often involve forwards or other derivatives, where there actually are no assets technically “under management.” Does this mean that these firms cannot claim...
by admin | Mar 5, 2012 | attribution, money-weighting, performance attribution
Last week I had a post about holdings-based attribution, where I laid the groundwork for future commentary on analysis I’ve been doing on this subject, where I look at the results using both holdings and transaction-based methods. Well, it resulted in comments...
