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...
by admin | Aug 22, 2011 | cash flows
Earlier this month I commented briefly on the question of netting same day cash flows. And, as promised, I expanded this topic in this month’s newsletter. I must confess that the analysis helped me gain greater appreciation for the proper treatment of cash flow...
by TSG | Aug 15, 2011 | cash flows, Performance Perspectives Newsletter
VOLUME 8 – ISSUE 12 August 2011 Download PDF...
by admin | Feb 23, 2011 | cash flows, rates of return
A colleague sent us a note recently inquiring about the proper treatment of accounts that have dividends reinvested; that is, how the flows are to be handled from a return perspective. The essential question is “should the money flowing into the account, to...
by admin | Dec 10, 2009 | cash flows, GIPS, Global Investment Performance Standards
Perhaps it’s partly because “significant” and “large” can be viewed synonymously that we find confusion regarding how firms can handle these within GIPS(R). One of our clients was clearly thinking that “significant” means the...
by admin | Sep 14, 2009 | cash flows, GIPS, time-weighting
I’m reviewing a client’s calculation process and learned that they previously employed a mid-day approach: note that they calculate returns daily but simply assumed that the flows occurred mid-day. I have never liked mid-day for cash flows. Why? As you may...
