by David Spaulding | Sep 2, 2016 | Investment Performance Guy, Standard Deviation
Linking monthly standard deviation has its root within the AIMR-PPS One advantage to being a bit older than most folks in performance measurement is that I have been exposed to a lot of ideas, and quite a bit of history. This includes the predecessor standard to...
by David Spaulding | Aug 10, 2016 | performance measurement, cash flows, Investment Performance Guy
The Global Investment Performance Standards (GIPS(R)) has evolved over the past several years. And some of these changes have been in regards to how to calculate rates of return. Today, revaluing for large cash flows is the minimum GIPS requirement. The reason:...
by David Spaulding | Aug 1, 2016 | performance measurement, Investment Performance Guy
While Mark Twain might not have been totally correct, his comment no doubt applies to many folks and/or situations. But as for me, I think changes in performance measurement are generally welcome, as they mean improvements in what we do. The 3 Cs of Performance...
by David Spaulding | Jul 21, 2016 | Investment Performance Guy
I think one challenge a lot of folks have is calculating cash returns. The problem stems from the intra-day flows that typically occur, from trades, contributions, withdrawals, income, FX transactions, etc. We recently had a conversation with a software vendor who is...
by David Spaulding | Jul 20, 2016 | Investment Performance Guy, rate of return calculations, rates of return
A client asked us to construct a one-day class dedicated to rates of return. Unfortunately, we had to cancel. But, it took me hours, and hours, and hours (actually, more like days, and days, and days) to put it together. And rather than just forget about it, we...
