by admin | Sep 20, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, CIPM formulae, CIPM formulas, CIPM Principles, estimated time-weighted return, Modified Dietz, Original Dietz, return measurement, time-weighted return, true time-weighted return, TWR
For today’s post, I’d like to review some of the “Dietz-style” formulae we use to calculate true time-weighted return and estimated time-weighted return. I’ve never actually seen the formulae presented this way, but hopefully doing...
by admin | Aug 28, 2013 | CAIA, CFA, CFA Institute, CIPM, CIPM exam prep, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, Code of Ethics, ethics, Standards of Professional Conduct
As you know, Ethics is a component of the CIPM curriculum – and one that candidates should not take lightly. CFA Institute announced today that they will be holding a free webinar on Ethical Decision Making. I recommend that both Principles Level and...
by admin | May 7, 2013 | CIPM, CIPM exam prep, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, ex-post risk, risk, risk attribution, risk measurement
A former student (and CIPM certificant) from TSG’s CIPM Prep Courses asked me what risk and risk-adjusted performance measures are now covered in the CIPM curriculum. I thought it was a good question, given the list has grown considerably over the last few...
by admin | Apr 10, 2013 | additional information, CIPM, CIPM Exam Tips & Tricks, CIPM expert, GIPS, GIPS additional information, GIPS compliance, GIPS supplemental information, GIPS verification, supplemental information
In the world of GIPS compliance and composite presentations, there is “supplemental information” and there is also “additional information”… but what is the difference?When I explain these concepts to students in TSG’s classes or to...
by admin | Apr 9, 2013 | bond mathematics, Campisi model, CIPM, CIPM Exam Tips & Tricks, CIPM expert, duration, fixed income attribution, performance attribution
A common question I get is what is the purpose of the “index portfolio” used in the Campisi fixed income attribution model.Before answering, let me first give an outline of the steps in calculating attribution in the Campisi framework.Step 1: ...
by admin | Apr 8, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, internal rate of return, IRR, performance measurement, rate of return calculations
A CIPM Principles candidate sent an email asking how to calculate the internal rate of return in the exercise shown in Exercise 36 in the CIPM Principles Curriculum (on page 234). In this example, the following information is given:Account market value on 1/1/10...
