by admin | Apr 2, 2011 | CIPM, CIPM expert, CIPM Principles, GIPS, Modified BAI, Modified IRR
Over the last couple of weeks, I have been teaching our prep courses for the CIPM exams. While teaching the Principles Level course, I came across a sentence that caused some confusion:”The Modified IRR method is another estimation approach acceptable prior to 1...
by admin | Dec 22, 2010 | call options, CIPM, CIPM expert, delta, hedge ratio
When I teach TSG’s prep courses for the CIPM exams, I always advise candidates to carefully consider the Learning Outcome Statements in each study session, as these statements describe the subject matter that candidates are required to master. In particular, I...
by admin | Dec 20, 2010 | CFA Institute, CIPM, CIPM expert, CIPM Principles, GIPS
Well, I’m not sure if it got harder… but certainly there is quite a bit more content?I am in the process of updating the materials I use to teach TSG’s CIPM Prep Classes (Principles and Expert Levels), and in reviewing the 2011 curriculum, I see that...
by admin | Nov 30, 2010 | benchmarks, CIPM expert, Investment Performance Guy, Laurence Siegel, Pravin Manglani, Sandy Rattray, Standard and Poor's 500
Earlier this week, my boss, David Spaulding surmised on his blog about the possibility that the mere existence of indexes may be a reason for “above average” performance, as changes in index constituents often results in trading in the newly added stocks,...
by admin | Sep 14, 2010 | arithmetic attribution, attribution analysis, attribution linking, CIPM expert, GRAP linking, smoothing
At the Expert Level, CIPM candidates are required to learn a few of the more commonly used linking methodologies for smoothing the attribution effects that come from arithmetic models. The required methodologies include: CariñoMencheroGRAPOf these methods, the GRAP...
by admin | Aug 26, 2010 | CIPM expert, composite asset, firm assets, GIPS
Recently I received a question from one of our verification clients regarding what I call “in transition” assets – basically accounts that are in the process of moving from one category to another with respect to the firm’s GIPS compliant...