by admin | Dec 25, 2011 | Investment Performance Guy, News
When I was 15 I met Ian Harvey when I joined the Order of DeMolay (a Masonic-sponsored group for young men). We became friends and remained very good friends until his death from cancer, five years ago. Ian was Jewish, and he said how he really liked it when...
by admin | Dec 21, 2011 | GIPS, Global Investment Performance Standards
As I explained in yesterday’s post, I would balance out my 10 “not so good things” about GIPS(R)” (Global Investment Performance Standards) with my “10 best.”——————–#10 3-year annualized...
by admin | Dec 20, 2011 | GIPS, Global Investment Performance Standards
Over the past several months, I’ve had conversations with other PMPs (Performance Measurement Professionals) about the GIPS(R) Standards (Global Investment Performance Standards). And while we are in agreement that the standards are exceptional, necessary, and...
by admin | Dec 19, 2011 | Investment Performance Guy, News
We are very excited about a new service TSG announced last week: “Software Certification.” While the type of work isn’t new for us, as we’ve reviewed many firms’ performance systems for close to 20 years, the formalizing of it is. We...
by admin | Dec 16, 2011 | GIPS, Global Investment Performance Standards, gross of fees, net of fees
Okay, so yesterday we touched on the calculations for gross- and net-of-fee returns. But who should get what?Prospective clients should get gross-of-fee returns, unless the net-of-fee returns are net of the same fee. The problem with most net-of-fee returns is that...
