by admin | Nov 1, 2011 | composites, GIPS, Global Investment Performance Standards
One of our GIPS(R) (Global Investment Performance Standards) verification clients called to ask what’s the best practice for composite construction. Interesting question, I think.We first touched on the meaning of “best practice,” as it relates to...
by admin | Oct 30, 2011 | CFA Institute, CIPM, CIPM Association, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, GIPS, performance appraisal, performance attribution, performance measurement, TSG
Most of you have already taken the exam, so now I am hoping for the best outcome for all of you.I came across this picture today, which expresses what I try to do when teaching. Hopefully I explained things in as simple a fashion as possible to those of you who...
by admin | Oct 25, 2011 | GIPS, Global Investment Performance Standards
The GIPS(R) (Global Investment Performance Standards) Q&A desk appears to have introduced a new rule:Firms may not add new accounts within a month*While I have no problem with this change, it would have been nice if it had been put forward for public comment,...
by admin | Oct 21, 2011 | examinations, GIPS, Global Investment Performance Standards, verification
#4 GIPS Performance ExaminationsWe have always been big supporters of GIPS(R) (Global Investment Performance Standards) verifications: given the Standards’ complexity, it is very easy for firms to make mistakes.At one time it was expected that verifications...
by admin | Oct 19, 2011 | GIPS, Global Investment Performance Standards
#2 Using spreadsheets to maintain your GIPS compositesTSG began surveying the industry on the presentation standards (initially the AIMR-PPS(R); later GIPS(R) (Global Investment Performance Standards)) in 1994, and we’ve done it several times since then. We have...
by admin | Oct 18, 2011 | GIPS, Global Investment Performance Standards
Let’s start with a joke: As a salesman approaches a farmhouse door, he notices a three-legged pig hobbling about on the front porch. The salesman knocks on the door and is greeted by the farmer. Before making his pitch he asks “what happened to this...