by admin | Jul 8, 2010 | GIPS, Global Investment Performance Standards
A colleague, when seeing my commentary on the GIPS(R) (Global Investment Performance Standards) use of the aggregate method to derive composite returns, stated “I don’t think this is an issue we should worry about .” Suffice it to say, I disagree....
by admin | Jul 7, 2010 | GIPS, Global Investment Performance Standards
When I posted yesterday’s blog entry, I was only fixated on a simple issue: revaluing a composite for large cash flows from new accounts when using the aggregate method. The GIPS(R) (Global Investment Performance Standards) permit the use of the aggregate...
by admin | Jul 6, 2010 | GIPS, Global Investment Performance Standards
Effective 1 January 2010, GIPS(R) (Global Investment Performance Standards) compliant firms are obligated to revalue their portfolios for large cash flows. A Q&A made it clear that this applies to firms that use the “aggregate method” to derive their...
by admin | Jul 1, 2010 | GIPS, Global Investment Performance Standards
I just got a question from a client. They often bundle accounts into a “household” for reporting purposes. And, it’s the household which actually reflects their strategy; that is, the individual accounts may have pieces of the strategy, but the...
by admin | Jun 24, 2010 | GIPS, Global Investment Performance Standards
We launched a new group on Linkedin: GIPS Verifiers. This group is for individuals and firms engaged in GIPS(R) (Global Investment Performance Standards) verification: to share ideas, thoughts, issues, interpretations, problems, etc. It will allow verifiers the...
by admin | Jun 24, 2010 | GIPS, Global Investment Performance Standards
An article I wrote for the CFA/CIPM newsletter was recently published on large cash flows. Recall that the Global Investment Performance Standards (GIPS(R)) now require firms to revalue portfolios for large flows. The article shows that this change may not be as...
