by David Spaulding | Aug 9, 2017 | cash flow timing, cash flows, Investment Performance Guy, performance measurement
Can’t decide? Why not “split the difference,” and go with a midday cash flow? Occasionally, we hear from firms who just can’t decide whether to employ a start- or end-of-day cash flow policy. As you’re probably aware, for quite...
by David Spaulding | Jul 15, 2015 | cash flow timing, cash flows, Investment Performance Guy, performance measurement
Mixed Treatment of Cash Flows Today marks the third day of our three-part installment on handling cash flows. The first part saw us treat cash flows as end-of-day events and the second had flows as start-of-day events. To quickly summarize the challenges with...
by admin | Sep 1, 2012 | cash flow timing, cash flows, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, performance measurement, rate of return calculations
A Principles Level candidate emailed me the following problem, and asked me about how to interpret the timing of the cash flows: In this case, given that they tell you that the fair valuations are inclusive of the flows, my interpretation would be that the timing of...
