by admin | Apr 20, 2011 | GIPS, Global Investment Performance Standards, money-weighting, time-weighting
Of late there’s been some discussion occurring regarding pension funds (and similar entities, such as endowments, foundations, and even central banks; i.e., “asset owners”) becoming compliant with the Global Investment Performance Standards (GIPS®)....
by admin | Apr 14, 2011 | GIPS, Global Investment Performance Standards
I was asked an interesting GIPS(R) (Global Investment Performance Standards) question: Firm A changes its firm definition to include additional markets; must they include the history or can they simply pick up the new accounts for the expanded market as of the...
by admin | Apr 2, 2011 | CIPM, CIPM expert, CIPM Principles, GIPS, Modified BAI, Modified IRR
Over the last couple of weeks, I have been teaching our prep courses for the CIPM exams. While teaching the Principles Level course, I came across a sentence that caused some confusion:”The Modified IRR method is another estimation approach acceptable prior to 1...
by admin | Mar 31, 2011 | GIPS, Global Investment Performance Standards, stock lending
Simple answer: when you didn’t create it. That is, when you’re not responsible for it being here.I conducted a GIPS(R) (Global Investment Performance Standards) verification for an asset manager whose clients get income from stock lending. The option to...
by admin | Mar 28, 2011 | GIPS, Global Investment Performance Standards
Within the GIPS(R) Standards (Global Investment Performance Standards), certain words have special meaning; and it’s important that compliant firms understand this. In this animation we touch upon some of them
by admin | Mar 23, 2011 | GIPS, Global Investment Performance Standards, Modified Dietz
A GIPS(R) (Global Investment Performance Standards) verification client sent me a note recently, stating that they had historically used Modified Dietz for their returns, but will be switching to “true daily.” He asked if this was permitted or if they...
