by admin | Jul 7, 2011 | examinations, GIPS, Global Investment Performance Standards, verification
There is little doubt in my mind that if Bernie Madoff were to be given a copy of the proposed changes to the Guidance Statement on Performance Examinations he would pat himself on the back, and be quite proud that his nefarious actions have extended so far.At the...
by admin | Jul 6, 2011 | Investment Performance Guy, News
Although I’m technically on vacation this week, I came into the office to wrap up a report for a client I visited last month. I did a review of their entire performance operation, which resulted in a recommendation that they move forward with a software search....
by admin | Jul 1, 2011 | Investment Performance Guy, News
Recall that on Tuesday I posted what I described as a “brain teaser,” involving the allocation of flight costs across three clients in two cities. The total cost is $710.10. Let’s begin with some suggested solutions.Allocate evenly: one-third to...
by admin | Jun 30, 2011 | benchmarks
Some folks in a Linkedin group I’m a member of have been discussing the challenge of dealing with hurdle rates when calculating returns. As I showed in a December 2010 newsletter, you cannot compound these rates, as their rate of compounding is proportional with...
by admin | Jun 29, 2011 | IRR, money-weighting, time-weighting
“Men have had recourse to many calculations”Ecclesiastes 7: 29What’s the interpretation of this line? Sadly, my bible doesn’t reference which return formulas the writer was referring to, but one with an open mind can conjecture that it’s...
