GIPS Archives | Page 6 of 71

GIPS Composite Presentations: If you’re going to cheat, make sure you pick someone who knows what they’re doing

by David Spaulding | Oct 9, 2018 | GIPS composite presentation, GIPS, GIPS 2020, GIPS compliance, GIPS verification, Global Investment Performance Standards, Investment Performance Guy

You’ve probably seen this bumper sticker that reads something like “Don’t follow me, I’m lost too.” Well, an analogous idea arises in school, when you look at what a neighboring student answered to an exam question, thinking that they...

Standard deviation: a measure of variability, too!

by David Spaulding | Jul 19, 2018 | Standard Deviation, GIPS, Global Investment Performance Standards, Investment Performance Guy, Variability

One thing that is often overlooked is that William F. Sharpe, PhD, in his paper that introduced the now eponymously named “Sharpe ratio,” referred to his measure as “reward to variability.” He contrasted this with Jack Treynor’s...

Shouldn’t GIPS 20/20 have a logo?

by David Spaulding | May 10, 2018 | GIPS 20/20, #GIPS2020, GIPS, Global Investment Performance Standards, Investment Performance Guy

Shouldn’t GIPS® 20/20 have its own logo? That thought occurred to us a couple of months back. In fact, I sent a note to the CFA Institute suggesting it. However, I suspect they’re probably a tad too busy to be worrying about a logo. And so, we decided to...

Is your GIPS transparency too revealing?

by David Spaulding | May 9, 2018 | transparency, GIPS, GIPS transparency, Global Investment Performance Standards, Investment Performance Guy

Erring on the side of transparency In a recent Wall Street Journal editorial (“A Scarlet Title IX Letter,” May 8, 2018), the writer spoke of the potential requirement that universities reveal the names of students, past and present, who have...

A Dozen PMAR Secrets Revealed

by David Spaulding | May 6, 2018 | PMAR, GIPS, GIPS 20/20, Global Investment Performance Standards, Investment Performance Guy, Journal of Performance Measurement, pension funds, performance attribution, performance calculations, performance measurement, Performance measurement conference, risk

A thought occurred to me while I was driving to Bethesda, Maryland today (I will be doing a GIPS® verification here tomorrow). Chances are, most performance measurement professionals, even those who’ve attended one or more PMAR (Performance Measurement...