by admin | Mar 20, 2012 | attribution analysis, CIPM, CIPM Exam Tips & Tricks, CIPM formulae, CIPM formulas, CIPM Principles, performance calculations, performance measurement, rate of return calculations, risk calculations, risk measurement
I am teaching TSG’s prep class for the CIPM Principles and Expert level exams this week in Chicago, and it became apparent to me that most of the students in the class were not aware that CFA Institute has a “List of Formulas” document as part of the...
by admin | Mar 5, 2012 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, ex-post risk, external dispersion, GIPS, internal dispersion, Standard Deviation
It has actually become apparent to me during the course of conducting GIPS verifications that there is some confusion as to when internal dispersion and external dispersion must be shown. It occurred to me that CIPM candidates may have the same...
by admin | Feb 27, 2012 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, currency hedging, derivatives, forward contracts, futures contracts, performance attributions, performance measurement, rate of return calculations
Today’s webinar (February 27, 2012 at 9:00 a.m. Pacific time) from TSG’s webinar series should be of great interest to Expert Level CIPM candidates, as I will be covering the subject of futures contracts and performance measurement.The webcast is actually...
by admin | Oct 30, 2011 | CFA Institute, CIPM, CIPM Association, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, GIPS, performance appraisal, performance attribution, performance measurement, TSG
Most of you have already taken the exam, so now I am hoping for the best outcome for all of you.I came across this picture today, which expresses what I try to do when teaching. Hopefully I explained things in as simple a fashion as possible to those of you who...
by admin | Oct 22, 2011 | CIPM, CIPM Exam Tips & Tricks, CIPM Principles, macro attribution, plan sponsor attribution
One of the challenges for Principles Level students is dealing with the Macro Attribution model. This model for attribution measures several decisions that a fund sponsor can take to grow its fund. Because of the number of formulae involved, it seems...
by admin | Oct 17, 2011 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, hedge funds, market-neutral strategies, Menchero, performance attribution
An Expert Level candidate sent me a question asking about the formula (shown above) for the asset allocation decision for market-neutral hedge funds, as discussed in the reading, “Performance Attribution with Short Positions” by Jose Menchero, Ph.D.In...
