by admin | May 20, 2010 | GIPS, Global Investment Performance Standards
A GIPS(R) (Global Investment Performance Standards) client asked if a certain disclosure is needed. They, like a few firms, include language such as: The collection of fees produces a compounding effect on the total rate of return net of management fees. As an...
by admin | May 13, 2010 | GIPS, Global Investment Performance Standards
Since 2006, the Global Investment Performance Standards (GIPS(R)) have required compliant firms to disclose “significant events.” But what, pray tell, is a “significant event.” In our lives we encounter significant events all the time, right?...
by admin | May 12, 2010 | GIPS, Global Investment Performance Standards
I’m conducting a GIPS(R) (Global Investment Performance Standards) verification and encountered something somewhat unusual. The client uses a well known software package to calculate their returns and use a daily method. Here are the approximate details for one...
by admin | May 12, 2010 | GIPS, Global Investment Performance Standards, IRR, time-weighting
Almost 40 years ago I came across a “management test” (of the faux variety) which presented a variety of scenarios which required the “test taker” to respond to. For example: You’re at lunch with your largest client when for some reason...
by admin | May 10, 2010 | GIPS, Global Investment Performance Standards
The long-awaited list of Q&As regarding the Global Investment Performance Standards (GIPS(R)) 2010 edition are beginning to be answered. Go here and limit the search to “after April 2010” to see the first batch. I have only started to review them and...
by admin | May 8, 2010 | GIPS, Global Investment Performance Standards
I just posted this on Linkedin and so want to extend this invite to my blog readers, too. Many firms struggle with their Global Investment Performance Standards (GIPS(R)) policies and procedures; and even for those who feel theirs are pretty good, there is always an...
