by admin | Oct 16, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, GIPS, GIPS standards, GIPS verification, performance measurement, TSG
(Note: I wrote this post as a guest blogger for the STP Investment Services blog, but it appears that blog is offline and we received a request for the information, so I decided to post the information directly here.) The What, Why and Who of the...
by admin | Oct 15, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM Principles, Eugene Fama, Fama-French, Kenneth French, performance measurement, returns-based style analysis, style analysis, William Sharpe
OK, I’m just kidding… there is no grand battle here between economists (and Nobel prize winners) Eugene Fama and William Sharpe. That being said, CIPM candidates at the Principles level *are* expected to deal with the following Learning Outcome...
by admin | Oct 14, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, economics, Eugene Fama, Fama-French, performance measurement, style analysis, TSG
Congratulations to Professor Eugene Fama of the University of Chicago! The Royal Swedish Academy of Sciences just announced that Mr. Fama (along with Robert Schiller and Lars Peter Hansen) has won this year’s Nobel prize in Economics, for their work on...
by admin | Oct 4, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, performance appraisal, performance measurement, performance reporting, performance triangle, rate of return, TSG
At the CIPM Expert Level, the topic of “performance triangles” is covered, and there is one specific Learning Outcome Statement on the subject:Demonstrate the use of performance triangles vs. benchmarks in assessing a manager’s track record Having...
by admin | Oct 3, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, estimated time-weighted return, internal rate of return, IRR, Modified Dietz, performance measurement, return measurement, true time-weighted return, TSG
In my last post, I covered a “fast” way to solve multiple choice internal rate of return exercises. In today’s post, I look at a second quick method. Recall the details from the last post: Account market value on 3/31 is $56.3 million Account market...
by admin | Oct 1, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, internal rate of return, IRR, performance measurement, private equity, rate of return, real estate, return measurement, SI-IRR, TSG
I have covered the steps to calculating internal rate of return in a few different posts on the blog, including here, here and here. I have also covered the steps to use the cash flow worksheets of the TI BA II Plus and the HP 12 C. You may have read the curriculum...
