by admin | Aug 24, 2012 | bond mathematics, Campisi model, CIPM, CIPM Exam Tips & Tricks, CIPM expert, fixed income attribution, performance attribution, performance measurement
For many CIPM Expert Level candidates, fixed income attribution is the most difficult topic. This is evident when I teach TSG’s CIPM prep classes, as we devote an entire afternoon to the subject. Among the three models that candidates are required to...
by admin | Aug 23, 2012 | attribution analysis, CIPM, CIPM Exam Tips & Tricks, CIPM expert, futures contracts, performance measurement
At the Expert Level of the CIPM curriculum, candidates are required to deal with return calculations of portfolios with futures contracts, as well as attribution analysis. A good number of candidates, however, have little to no background on futures contracts,...
by admin | Aug 20, 2012 | CFA exams, CIPM, CIPM expert, CIPM Principles, composite dispersion, external dispersion, internal dispersion, Standard Deviation, statistics, TI BA II Plus, tracking error
Last week I taught our CIPM prep classes for the Principles and Expert Levels, and the commonly asked question about the fastest way to do standard deviation came up.I will take this opportunity to refer to an old blog post (found here) that covered how to this using...
by admin | Aug 20, 2012 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, GIPS, GIPS pre-verification, GIPS verification
One of the Learning Outcome Statements at the Expert Level requires CIPM candidates to know the pre-verification procedures and verification procedures prescribed in the GIPS standards. A common question that I get is how to tell whether something is a...
by admin | Apr 9, 2012 | CIPM, CIPM exam prep, CIPM Exam Tips & Tricks, CIPM Principles, CIPM sample questions, private equity, real estate
A Principles level candidate sent me the following question:Hi John,The CFA institute website has 15 sample questions for the principles exam on their website for anyone considering the program at the below link. Question 14 asks about GIPS private equity valuation...
by admin | Apr 8, 2012 | base currency returns, CIPM, CIPM Exam Tips & Tricks, CIPM expert, local currency returns, multicurrency performance measurement, rate of return calculations, return compounding
In a previous blog post, I covered the answers to two CIPM Expert Level sample exam questions, specifically, #5 and #6. One current Expert Level candidate asked me to elaborate on the answer, asking which formula(e) in the curriculum could be used to...
