by admin | Jun 21, 2011 | error correction, GIPS, Global Investment Performance Standards
GIPS(R) (Global Investment Performance Standards) compliant firms are now required to have an error correction policy. This calls for firms to establish rules for materiality, something many struggle with from a definitional perspective.The CFA Institute’s...
by admin | Jun 14, 2011 | GIPS, Global Investment Performance Standards
I conducted a pre-verification for our newest London client yesterday, and they asked a very interesting question: can they disclose their “Total Strategy Assets,” along with the composite and firm assets, in their GIPS(R) (Global Investment Performance...
by admin | Jun 10, 2011 | GIPS, Global Investment Performance Standards
The GIPS 2010 Exposure Draft sought to obtain a consensus to build a case to establish sunset provisions for certain required disclosures (e.g., name or strategy changes to composites) for GIPS(R) (Global Investment Performance Standards). And we are aware that some...
by admin | Jun 8, 2011 | GIPS, Global Investment Performance Standards
There was an editorial (The Light Bulb Police) in yesterday’s Wall Street Journal that spoke of the upcoming ban in the U.S. on conventional 100 watt incandescent light bulbs. One sentence in particular grabbed my attention: “The question an (allegedly)...
by admin | Jun 3, 2011 | GIPS, Global Investment Performance Standards
In case you hadn’t heard, TSG, Inc., has hired Jed Schneider, CIPM, FRM, formerly of Morgan Stanley Smith Barney. Jed is being brought on to head the firm’s verification business (GIPS(R)) and non-GIPS), and is titled a Senior Vice President.Because of the...
by admin | Jun 2, 2011 | GIPS, Global Investment Performance Standards
A letter I wrote appears in the most recent issue (May 30) of Pensions & Investments, that’s in response to a letter Jonathan Boersma wrote (April 18), which was in response to one I had written (February 21), in response to an earlier article (December 27,...
