by admin | Sep 10, 2012 | CIPM, CIPM expert, GIPS, internal rate of return, performance measurement, SI-IRR, since inception internal rate of return, time-weighted return
CIPM Expert Level candidates must know what return calculations are required by the Global Investment Performance Standards (GIPS(r)), and in which circumstances. Most of the time, time-weighted return (TWR) is required, but in some cases a since inception...
by admin | Aug 25, 2012 | CIPM, CIPM Exam Tips & Tricks, CIPM Principles, GIPS, performance measurement
Last week, when I was teaching TSG’s CIPM Exam prep class for the Principles Level, a student asked me for help with a question on a sample exam from CFA Institute. The question read: Which of the following is most likely not a requirement of the GIPS...
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 | Aug 6, 2012 | annualization, CIPM Exam Tips & Tricks, CIPM expert, CIPM formulae, CIPM Principles, geometric linking, GIPS, time-weighted return
Most performance analysts have heard it said that we should never annualize returns of less than one year. Some may also be aware that GIPS provision I.5.A.4 (2010 edition of GIPS) forbids compliant firms from annualizing returns for periods of less than a...
by TSG | Jul 15, 2012 | GIPS, Global Investment Performance Standards, Performance Perspectives Newsletter, risk, risk measurement
VOLUME 9 – ISSUE 11 July 2012 Download PDF...
by admin | Jul 12, 2012 | benchmarks, GIPS, Global Investment Performance Standards
We have gotten a series of questions lately regarding the inclusion of benchmarks in a GIPS(R) (Global Investment Performance Standards) presentation. I’ll summarize some of it here.Secondary benchmarks: can a firm show additional benchmarks along with...