by admin | Aug 6, 2012 | annualization, CIPM Exam Tips & Tricks, CIPM expert, CIPM formulae, CIPM Principles, geometric linking, GIPS, time-weighted return
Most performance analysts have heard it said that we should never annualize returns of less than one year. Some may also be aware that GIPS provision I.5.A.4 (2010 edition of GIPS) forbids compliant firms from annualizing returns for periods of less than a...
by admin | Aug 6, 2012 | Investment Performance Guy, News
I try to exercise every morning, and when I do, I often watch the news. This morning there was an advertisement from CancerCenter.com, that included the following disclaimer:No case is typical. You should not expect to experience these results. It occurred to me that...
by admin | Aug 3, 2012 | Investment Performance Guy, News
Yesterday, I introduced a case of going from a USD to a GBP return (via an FX rate conversion), then taking the underlying USD assets and converting them to GBP, deriving the return that way, and converting (via the FX converter) to USD [quite a mouthful]. Recall...
by admin | Aug 2, 2012 | Investment Performance Guy, News
A TSG client posed the following situation to me, which I hope you find of interest:They calculated the return on a portfolio in US Dollars (USD). They next converted the return to Pound Sterling (GBP). Everything worked correctly; i.e., the returns make sense and are...
by admin | Aug 1, 2012 | Investment Performance Guy, News
Yesterday’s WSJ had an article by Brian Costa titled “The Rookie and His Pitching Bible,” about “the [New York] Met’s most promising rookie,” Matt Harvey, who relies on a “pitching bible” he created and maintains with...
