by admin | Jan 13, 2012 | GIPS, Global Investment Performance Standards, Modified Dietz, money-weighting, time-weighting
Last year John Stossel wrote a piece titled “Almost Everything We’re Taught Is Wrong.” When it comes to performance measurement, there’s some truth to this, too. Sorrowfully, many refuse to be open to the possibility that the way they’ve...
by admin | Jan 10, 2012 | GIPS, Global Investment Performance Standards, verification
TSG is sometimes asked if we do quarterly GIPS(R) (Global Investment Performance Standards) verifications. We would be happy to, but strongly recommend against it. And why is this?Well, we firmly believe that the only one who benefits from quarterly is the verifier;...
by admin | Jan 5, 2012 | GIPS, Global Investment Performance Standards, risk
I often save clippings from newspapers and magazines, to refer back to at a future date. I just discovered one from the August 12, 2011 issue of the WSJ: it’s from their “op ed” section, titled “S&P 500 and the ‘Regulator’s...
by admin | Dec 21, 2011 | GIPS, Global Investment Performance Standards
As I explained in yesterday’s post, I would balance out my 10 “not so good things” about GIPS(R)” (Global Investment Performance Standards) with my “10 best.”——————–#10 3-year annualized...
by admin | Dec 20, 2011 | GIPS, Global Investment Performance Standards
Over the past several months, I’ve had conversations with other PMPs (Performance Measurement Professionals) about the GIPS(R) Standards (Global Investment Performance Standards). And while we are in agreement that the standards are exceptional, necessary, and...
by admin | Dec 16, 2011 | GIPS, Global Investment Performance Standards, gross of fees, net of fees
Okay, so yesterday we touched on the calculations for gross- and net-of-fee returns. But who should get what?Prospective clients should get gross-of-fee returns, unless the net-of-fee returns are net of the same fee. The problem with most net-of-fee returns is that...
