by admin | Nov 2, 2009 | GIPS, risk
Our monthly newsletter went out last week, and we immediately received inquiries and comments about one of the topics: risk. I extended my recent blog remarks on this subject to shed further light on it, but there’s still confusion and a need for greater...
by admin | Oct 29, 2009 | GIPS
For the past year much of the focus regarding the GIPS(R) standards has been on “GIPS 2010,” the next edition of the Global Investment Performance Standards, to be published in early 2010 (thus the “2010” in the name) and to go into effect in...
by admin | Oct 26, 2009 | GIPS, money-weighting, time-weighting
Several years ago I pleaded with the then, “powers that be,” to loosen the rules regarding the use of IRR for GIPS(R) compliant firms. At that time, the ONLY asset class for which the rules applied was private equity. The soon-to-be-published GIPS 2010...
by admin | Oct 21, 2009 | GIPS
Last Wednesday I offered some thoughts regarding verifier independence and perhaps wasn’t clear. Simply because a firm does a client’s audit shouldn’t preclude them from taking on the verification. Independence needs to be reviewed regarding the full...
by admin | Oct 17, 2009 | After-tax, GIPS
In this weekend’s Wall Street Journal, Jason Zweig discusses the importance of being conscious of fees. Our industry has worked towards encouraging managers to be more forthright regarding the impact of fees, but perhaps more is needed. After-tax returns is an...
by admin | Oct 14, 2009 | GIPS, verification
GIPS(R) has verifier independence guidance which is intended to ensure that a firm claiming compliance with the Standards is having a verification truly done by an independent third party. But what does this term really mean? We see two sides to it: First, is there a...
