by admin | Jan 7, 2010 | GIPS, Global Investment Performance Standards
I had a call yesterday with a client who we’re helping to become compliant with the Global Investment Performance Standards. There was confusion at his shop regarding the presentations they will make to their prospects: must the information they show in their...
by admin | Jan 4, 2010 | GIPS, Global Investment Performance Standards, verification
A couple recent and related blog posts have addressed recent suggestions about the Oppenheimer College Fund Fraud investigation. The Money Game actually points to Mish’s site, which is one that I have listed as a blog I periodically visit. As Mish pointed out,...
by admin | Dec 30, 2009 | CIPM, ethics, GIPS, Global Investment Performance Standards, money-weighting, Returns, time-weighting
Calculating rates of return really isn’t that difficult. And while we may debate whether returns should be calculated using money-weighting or time-weighting, such issues pale in comparison with the broader aspect of ethics. I must confess that I initially...
by admin | Dec 29, 2009 | GIPS, Global Investment Performance Standards
When commenting on someone’s writing I often recommend using the active voice. A recent example may help. A client sent us their GIPS(R) Policies & Procedures document to review. It included the following: “there are few industry-accepted standards for...
by admin | Dec 15, 2009 | attribution, GIPS, Global Investment Performance Standards, Returns, risk
One question that occasionally surfaces is how big a performance department should be. There is no simple answer and it’s difficult to decide by simply doing a comparison with other firms. Some key points: all firms are different. Okay, maybe a bit of hyperbole,...
by admin | Dec 11, 2009 | GIPS, Global Investment Performance Standards, Returns
Here, I’m addressing cash flows from a return calculation perspective. First, recall that in two weeks we’ll have a requirement for GIPS(R) compliant firms to revalue portfolios for large cash flows, where the firm decides what “large”...
