by admin | Sep 23, 2010 | GIPS, Global Investment Performance Standards
In 1993, while attending a conference on the AIMR-PPS(R) standards, a speaker made the statement that virtually all compliant firms would have “turkey composites.” I was a bit dumbfounded by this, because at the time I didn’t know what a...
by admin | Sep 22, 2010 | GIPS, Global Investment Performance Standards, money-weighting, time-weighting
If you’re a frequent reader of my blog and/or our firm’s newsletter, you know of my passion for money-weighting, especially when it comes to subportfolio returns.I’m teaching classes this week for a client and when we discussed subportfolio returns...
by admin | Sep 16, 2010 | GIPS, Global Investment Performance Standards
I conducted a GIPS(R) (Global Investment Performance Standards) verification for a new client earlier this year, who had previously used a different verifier. During the course of the review, I discovered a number of items that prohibited me from issuing a...
by admin | Sep 10, 2010 | GIPS, Global Investment Performance Standards
I just got off the phone with a GIPS(R) (Global Investment Performance Standards) verification client, who is splitting away their institutional business from the trust side of their firm: a common step for banks and trust companies. They must decide on what an...
by admin | Sep 8, 2010 | GIPS, Global Investment Performance Standards
When I was in the Field Artillery (many years ago), a gun battery would, once it had established a new position, orient their weapons to adjust for any misalignment which may have taken place since the last time they had been calibrated. This way, if a howitzer was...
by admin | Sep 1, 2010 | GIPS, Global Investment Performance Standards
We are often asked to review a firm’s performance measurement system, to ensure that the formulas are correct to possibly opine in writing on its value to identify opportunities for improvement. We do this for software vendors, custodians, asset managers, and...
