by David Spaulding | Mar 1, 2017 | Software Certification, Investment Performance Guy
TSG has been conducting software reviews for over two decades. Historically, we offered this service whenever anyone happened to ask “would you mind taking a look at our system?” For example, the late Damien Laker asked me to look at his system about 20...
by David Spaulding | Feb 27, 2017 | Investment Performance Guy, GIPS, GIPS standards, performance calculations, performance measurement, rate of return
Spreadsheets are powerful tools. In business, they’ve become indispensable. But, they come with huge risks. Let’s briefly touch on a few. Systems on spreadsheets … not usually a good idea Around 30 years ago I took over responsibility for a...
by David Spaulding | Feb 16, 2017 | performance measurement, Investment Performance Guy, Software Certification
TSG has conducted software reviews for over 20 years. However, it was only recently that we decided to formalize the process, and offer a formal “software certification” to firms and institutions who have performance measurement software. What criteria do we use when...
by David Spaulding | Feb 14, 2017 | dispersion, GIPS, Global Investment Performance Standards, Investment Performance Guy, Standard Deviation
The GIPS(R) standards require compliant firms to include a measure of dispersion for each year in which they have six or more accounts present for the full 12 months. But, which return should they use, gross-of-fee or net-of-fee? What about for the 36-month, ex...
by David Spaulding | Feb 9, 2017 | GIPS supplemental information, GIPS, Global Investment Performance Standards, guidance statement, Investment Performance Guy, performance measurement
I finally got around to writing up my comments to the draft guidance on supplemental information for GIPS(R) (Global Investment Performance Standards). Since the idea of supplemental information pertains to just about all firms that claim compliance with the...
