by admin | Apr 28, 2011 | actual investment management fees, CIPM, CIPM Principles, GIPS, model investment management fees, net-of-fees return
A CIPM candidate emailed me a question today regarding one of the exercises found in the Principles Level, in the interactive portion of the curriculum materials. This question is found in Study Session VII and is question 10:Langerton Asset Management has complete...
by admin | Apr 27, 2011 | GIPS, Global Investment Performance Standards
I was contacted earlier this week by a client who was dealing with a situation where one of their clients had requested them to raise a sizable amount of cash, for the ultimate purpose of investing it into a new strategy, while keeping the balance of their portfolio...
by admin | Apr 26, 2011 | error correction, GIPS, Global Investment Performance Standards
The revised GIPS(R) (Global Investment Performance Standards) Error Correction Guidance Statement provides clarity over the earlier version, though I suspect that many individuals whose firm claims compliance with the Standards haven’t read it (but should!)....
by admin | Apr 21, 2011 | GIPS, Global Investment Performance Standards
The Global Investment Performance Standards (GIPS®) permit firms to establish a minimum account size. This minimum is intended to represent the threshold, below which accounts aren’t able to represent the composite’s strategy. While many compliant firms,...
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...
