by admin | Aug 10, 2010 | GIPS, Global Investment Performance Standards
A hedge fund is considering us and a small CPA firm to do their GIPS(R) (Global Investment Performance Standards) verification and they also want an examination done. If they pass, they want to be able to say that their records “have been audited.” We...
by admin | Aug 2, 2010 | GIPS, Global Investment Performance Standards
We occasionally ask folks what they think is the most confusing aspect of the GIPS(R) (Global Investment Performance Standards), which typically results in a variety of responses. To me, the most confusing term is “discretionary account.” Recall that...
by admin | Jul 29, 2010 | GIPS, Global Investment Performance Standards
Some GIPS(R) (Global Investment Performance Measurement) compliant firms are getting nervous about the upcoming requirement to use “fair value” pricing. For many, the concept is one that they historically saw no need to be concerned with, since they rely...
by admin | Jul 26, 2010 | GIPS, Global Investment Performance Standards
I think I’ve gotten a record number of comments regarding this month’s newsletter, some of which we’ll share in the August edition. One reader encouraged me to transform it into an article, which I hinted that I might do and now have support, so I...
by admin | Jul 16, 2010 | GIPS, Global Investment Performance Standards
The Global Investment Performance Standards (GIPS(R)) now require compliant firms to revalue their portfolios for “large cash flows.” But what does “revalue” mean? Does “revalue” simply mean “reprice”? If it does, then...
by admin | Jul 15, 2010 | GIPS, Global Investment Performance Standards
How many performance standards can you think of? Well, we have (of course) GIPS(R) (Global Investment Performance Standards), the AIMR-PPS(R) (no longer valid), UKIPS (no longer valid), several other country standards (which are no longer valid), the BAI (Bank...
