by admin | Sep 14, 2009 | cash flows, GIPS, time-weighting
I’m reviewing a client’s calculation process and learned that they previously employed a mid-day approach: note that they calculate returns daily but simply assumed that the flows occurred mid-day. I have never liked mid-day for cash flows. Why? As you may...
by admin | Sep 2, 2009 | compliance, GIPS
The comic Dilbert has recently had a few strips that very much relate to our industry: Yesterday’s, for example dealt with establishing industry standards off of Dilbert’s company’s specs (knowing how good his company is, we can only imagine what...
by admin | Aug 28, 2009 | GIPS, verification
Our GIPS(R) verification business has done extremely well this year: it’s become the fastest growing segment of our firm’s offerings. And when we replace a verifier we often find that the firm had previously had, in addition to a firm-wide verification,...
by admin | Aug 21, 2009 | GIPS, IRR, money-weighting
I recently came across the word “contumacious.” Not being familiar with it, I turned to one of my favorite websites (www.Dictionary.com) to learn its meaning:stubbornly perverse or rebellious;willfully and obstinately disobedient.I suspect there are some...
by admin | Aug 20, 2009 | GIPS
I’m pleased to report that the New York Society of Security Analysts (NYSSA) published an article I wrote on GIPS(R) in their current issue (“Major Changes to GIPS,” Vol 2, #3;...
by admin | Aug 17, 2009 | GIPS
The California Public Employees Retirement System (CalPERS) announced that they will comply with the Global Investment Performance Standards (GIPS(R)), or at least as much of them as they can...
