by admin | Apr 19, 2013 | Investment Performance Guy, News
You’re probably familiar with the statistical concept of type 1 and 2 errors. One way to look at it is that one addresses the case where you think you’re right, but you’re wrong; the when you think you’re wrong, but you’re actually...
by admin | Apr 18, 2013 | Investment Performance Guy, News
While meeting with a London-based verification client, the subjects of fraud as it relates to GIPS(R) (Global Investment Performance Standards) and Bernie Madoff came up. They are related, in a way.How did Bernie get away with it? To put it simply he (a) had a...
by admin | Apr 15, 2013 | Investment Performance Guy, News
Serving in the armed forces provides many benefits. For me, it meant spending 39 months in Hawaii (which my wife and I jokingly refer to as my “hardship tour”) and another year+ in Oklahoma (I was on active duty at the tail end of the Vietnam War...
by admin | Apr 12, 2013 | Investment Performance Guy, News
Earlier this week I mentioned that a colleague told me that transaction-based attribution requires a lot more data, which opens it up to the risk of errors being introduced. Two quick responses arise:1) Is it true that transaction-based attribution requires more data...
by admin | Apr 11, 2013 | Investment Performance Guy, News
Here’s a bit of a challenge for you.GIPS(R) (Global Investment Performance Standards) includes the following rule:What if you’re an SEC (U.S. Securities & Exchange Commission) registered firm that has a “40 Act” mutual fund, that has...
