by admin | Sep 23, 2011 | GIPS, Global Investment Performance Standards
Earlier this month I posted a question regarding what the definition of “composite return” is. Given the importance of this value within the GIPS(R) standards (Global Investment Performance Standards), there should be an answer.I promised to expand on this...
by admin | Sep 22, 2011 | Investment Performance Guy, News
In last weekend’s WSJ, Clint Bolick had a column dealing with Arizona’s struggle with apparently unfair and unnecessary federal government interaction with much of their activities, especially regarding elections. In it he had a statement which hit me as...
by admin | Sep 21, 2011 | Investment Performance Guy, News
Surely you’re familiar with the George Santayana line about needing to recall the past to avoid repeating it. This speaks to history, yes?In today’s Wall Street Journal Norm Augustine discusses how history is a subject today’s youth don’t do...
by admin | Sep 19, 2011 | internal rate of return, IRR, risk, time-weighting
Someone recently asked me what risk statistics should be used with the internal rate of return (IRR), (which, as any reader of this blog knows, is my preferred return measure). Sadly, I didn’t have an immediate reply.The plethora of risk statistics that are...
by admin | Sep 16, 2011 | Investment Performance Guy, News
By now you probably heard about a rogue trader who’s cost his employer, UBS, some $2 billion. The bank’s risk management is being questioned, and I won’t say anymore about it at this time.It so happens that another, perhaps more interesting,...
