by John D. Simpson, CIPM | Aug 26, 2014 | CIPM Exam Tips & Tricks
In a previous post I introduced two forms of the differential return equation that are included in the CIPM curriculum at the Principles Level: differential return using standard deviation differential return using beta If it seems that the differential return formula...
by David Spaulding | Aug 25, 2014 | cash flows, Investment Performance Guy, performance measurement
While I have no empirical evidence to quickly draw upon, it’s my belief that most firms either treat cash flows as “start-of-day” or “end-of-day” events. Such a convention is thought of as reasonable and even perhaps “best...
by David Spaulding | Aug 21, 2014 | GIPS standards, Investment Performance Guy, News
Several years ago I coined the “3 Cs of Performance Measurement”: Confusion, Change, and Controversy. The GIPS(R) standards are all three, and today’s post will touch on the “confusion” part, specifically the seven most confusing things...
by TSG | Aug 17, 2014 | attribution, money-weighting, Performance Perspectives Newsletter
VOLUME 11 – ISSUE 12 August 2014 Download PDF...
by John D. Simpson, CIPM | Aug 12, 2014 | CIPM Exam Tips & Tricks
Differential return is a risk-adjusted performance measure that many CIPM candidates have not see before, and as a result, I get a lot of questions asking what exactly is the differential return… what does it mean and how should it be interpreted. Thus, I have...