by admin | Nov 3, 2011 | Investment Performance Guy, News
A client recently asked about the appropriateness of reporting volatility and tracking error, for one and three month time periods, based on daily values. In addition, whether the results should be annualized. He was curious about the “best practices” for...
by admin | Nov 1, 2011 | composites, GIPS, Global Investment Performance Standards
One of our GIPS(R) (Global Investment Performance Standards) verification clients called to ask what’s the best practice for composite construction. Interesting question, I think.We first touched on the meaning of “best practice,” as it relates to...
by admin | Oct 31, 2011 | risk
This past Saturday, my wife and I were driving to a wedding in Hope, NJ, which is about 75 minutes from our home. As you may have heard, New Jersey, as much of the Northeast, received a rare and rather nasty snowstorm. We didn’t know what we were in for.After...
by admin | Oct 30, 2011 | CFA Institute, CIPM, CIPM Association, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, GIPS, performance appraisal, performance attribution, performance measurement, TSG
Most of you have already taken the exam, so now I am hoping for the best outcome for all of you.I came across this picture today, which expresses what I try to do when teaching. Hopefully I explained things in as simple a fashion as possible to those of you who...
by admin | Oct 27, 2011 | Investment Performance Guy, News
We’ve discovered a way to enhance performance, at least in the short term: if you have a portfolio begin late in the month, to make the monthly return look better, treat the return as if it was for the full month!What do we mean by this? Well, consider the...
