by admin | Feb 27, 2012 | GIPS, Global Investment Performance Standards, ret
I had a call on Friday from a longstanding friend and colleague who wanted to know whether she should use the beginning (VB) or ending (VE) values to asset weight portfolio returns. Let’s put this into context.This manager has a client whose history...
by admin | Feb 17, 2012 | GIPS, Global Investment Performance Standards
The chair of the verifier/practitioner committee (currently held by Carl Bacon, CIPM) for the GIPS(R) (Global Investment Performance Standards) Executive Committee is up, and nominations are being sought. And so, if you think you’d like to serve, let them...
by admin | Feb 16, 2012 | aggregate method, composites, GIPS, Global Investment Performance Standards
Fear not! I haven’t given up on my arguments against the use of the aggregate method to derive the extremely important composite returns (which are the bedrock of the Standards).I was conducting a GIPS(R) verification earlier this week, and stumbled upon the...
by TSG | Feb 15, 2012 | composites, GIPS, net of fees, net-of-fees return, Performance Perspectives Newsletter
VOLUME 9 – ISSUE 6 February 2012 Download PDF...
by admin | Feb 13, 2012 | GIPS, Global Investment Performance Standards
In a recent blog post I referenced the notion of taking into consideration the “spirit” of the GIPS(R) standards (Global Investment Performance Standards) to consider what would be permitted. Being ever mindful of the underlying “spirit”...
by admin | Feb 9, 2012 | GIPS, Global Investment Performance Standards, Reporting
The GIPS(R) Standards (Global Investment Performance Standards) require compliant firms to make every reasonable effort to provide prospects with a compliant presentation (¶ I.0.A.9); actually, not just any presentation, but the one(s) that aligns with the...