by admin | Sep 11, 2012 | Investment Performance Guy, News
by admin | Sep 11, 2012 | Investment Performance Guy, News
You are probably aware of my habit of referencing anniversaries, especially those ending with a “5” or “0.” Well, this Fall will see The Journal of Performance Measurement(R) begin a new publishing year, but it won’t end with either of...
by admin | Sep 10, 2012 | CIPM, CIPM expert, GIPS, internal rate of return, performance measurement, SI-IRR, since inception internal rate of return, time-weighted return
CIPM Expert Level candidates must know what return calculations are required by the Global Investment Performance Standards (GIPS(r)), and in which circumstances. Most of the time, time-weighted return (TWR) is required, but in some cases a since inception...
by admin | Sep 8, 2012 | bond prices, Campisi model, CIPM, CIPM Exam Tips & Tricks, CIPM expert, fixed income attribution, performance attribution, performance measurement, risk-free yield curve
The CIPM curriculum does not give much of an explanation of bond pricing in relation to interest rates, so here is a brief primer.Price change on bonds can be explained by how interest rates change during the period.Bonds are a lending agreement: the purchaser...
by admin | Sep 7, 2012 | Investment Performance Guy, News
I just got off the phone with a GIPS(R) (Global Investment Performance Standards) verification client, who is trying to reconcile the settlement and trade date sides of trading. On trade date, they don’t have the cash necessary to make a purchase; but, by...