by admin | Dec 10, 2009 | cash flows, GIPS, Global Investment Performance Standards
Perhaps it’s partly because “significant” and “large” can be viewed synonymously that we find confusion regarding how firms can handle these within GIPS(R). One of our clients was clearly thinking that “significant” means the...
by admin | Dec 9, 2009 | GIPS, Global Investment Performance Standards
I’m still a bit befuddled by the GIPS(R) error correction guidance, which goes into effect in three weeks. I guess I’m relieved that I’m not alone, but I’d feel a lot better if it was crystal clear. The guidance provides for four levels of...
by admin | Dec 4, 2009 | GIPS, verification
As promised, I commented further on the topic of verification firms avoiding “field work” in our newsletter. A colleague from another verification provider responded with the following: “I was reading your most recent article regarding verifiers who...
by admin | Dec 3, 2009 | GIPS, Global Investment Performance Standards, Returns
A client recently asked about dealing with “breaks” in performance. First, what IS a break? We’d define it as a temporary loss of discretion over a client’s assets, during which time no trading can be done. Breaks can be caused by changes in...
by admin | Dec 1, 2009 | GIPS, verification
I’ve mentioned in the past the value I’m seeing in a design book (Measurement, Design and Analysis, by Pedhazur & Schmelkin) I’m reading for a course. The authors reference a book by H. Zeisel (Say it with figures) who “pointed out that,...
by admin | Nov 28, 2009 | GIPS, verification
We are just learning of yet another firm that scammed millions from investors: Canopy Financial. They forged audit reports from KPMG, who apparently WASN’T their auditor. We haven’t yet heard whether they also claimed GIPS(R) compliance, so have no...
