by admin | Apr 19, 2012 | GIPS, Global Investment Performance Standards
Several years ago, TSG published the first guide on the presentation standards. At that time we still had the AIMR-PPS(R), and GIPS(R) was just getting started. Well, the book sold out pretty quickly, and we had plans to revise it, but hadn’t made much...
by TSG | Apr 15, 2012 | GIPS, gross of fees, net of fees, net-of-fees return, Performance Perspectives Newsletter
VOLUME 9 – ISSUE 7 April 2012 Download PDF...
by admin | Apr 12, 2012 | GIPS, Global Investment Performance Standards
In Thinking Fast & Slow, Daniel Kahneman discusses the notion of evaluating items separately (single) versus in comparison with others (joint). You are no doubt familiar with the importance of having returns and risk measures of a portfolio, for example, shown...
by admin | Apr 4, 2012 | GIPS, Global Investment Performance Standards
One of the problems with our industry is that we often use the same word to mean multiple things (e.g., “alpha” can mean excess return (portfolio return minus benchmark return) and Jensen’s alpha, which takes beta into consideration), and...
by admin | Mar 29, 2012 | ethics, GIPS, Global Investment Performance Standards
At the recent GIPS(R) (Global Investment Performance Standards) Executive Committee meeting in Brussels, Belgium, the EC discussed the possibility of creating a “Code of Conduct” for GIPS service providers. I think this is an excellent idea, though at this...
by admin | Mar 27, 2012 | ethics, GIPS, Global Investment Performance Standards
I served in the U.S. Army (Field Artillery branch) for nearly five years, and spent 39 months with the 25th Infantry Division in Hawaii (tough duty, but someone had to do it). During that time I worked with several West Point graduates (I obtained my commission...
