by admin | Apr 17, 2011 | base currency returns, CIPM, CIPM expert, multicurrency performance
One of the participants in last week’s webinar on CIPM Q & A asked me to explain the solution to the question #7 from the sample exam questions found on the CFA Institute’s CIPM Program page (). The vignette and question follow below: Longitudinal...
by admin | Apr 15, 2011 | CIPM, CIPM expert, HP 12C, internal rate of return, IRR, money-weighted return, MWR, TI BA II Plus
The following steps may be used to calculate internal rate of return using one of the financial calculators (HP 12C and TI BA II Plus):1. Identify all external cash flows, including beginning and ending market values, and arrange them in chronological order.2. Arrange...
by admin | Apr 11, 2011 | annualization, CIPM, CIPM expert, CIPM Principles, exponents, geometric linking, roots
Sometimes when we are calculating returns, we need to know the meanings of roots and exponents. This may be especially true when we have to enter things on the calculator, like CIPM candidates are required to do on exams.In mathematics, the n-th root of a number x is...
by admin | Apr 4, 2011 | base currency returns, CIPM, CIPM expert, multicurrency performance
One of the students in my CIPM Expert Level Prep Classes asked me to explain the solution to the questions #5 and #6 from the sample exam questions found on the CFA Institute’s CIPM Program page (). The vignette and questions follow below:Longitudinal Asset...
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 | Feb 25, 2011 | animation, CIPM
We thought it would be helpful to introduce this video, which provides an overview of the Certificate in Investment Performance Measurement (CIPM) program. We support the program and encourage all performance measurement professionals to pursue it. If you won’t,...
