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...
by admin | Mar 22, 2012 | examinations, GIPS, Global Investment Performance Standards, verification
By now, if you’re a regular (or even infrequent) reader of this blog and/or TSG’s newsletter, you know of my dislike for GIPS(R) (Global Investment Performance Standards) performance examinations. I have commented at length as to how compliance with the...
by admin | Mar 15, 2012 | GIPS, Global Investment Performance Standards, verification
We have a GIPS(R) (Global Investment Performance Standards) verification client who uses Advent’s Axys portfolio accounting system. Most of their clients are at Schwab, and they have a direct feed from Schwab to Advent. However, they had a couple accounts...
by admin | Mar 7, 2012 | GIPS, Global Investment Performance Standards
Those who were around “at the creation” recall the debates regarding whether composite returns should be equal- or asset-weighted. Two groups in particular, the ICAA (Investment Council Association of America; now the IAA) and IMCA (Investment...
by admin | Mar 6, 2012 | GIPS, Global Investment Performance Standards, overlays
Many firms avail themselves of currency overlays, as well as other overlay strategies, which often involve forwards or other derivatives, where there actually are no assets technically “under management.” Does this mean that these firms cannot claim...
