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...
by admin | Aug 14, 2009 | GIPS
I’m reminded this week of a void in the GIPS(r) verification guidance regarding what to do when a new verifier finds problems that the old verifier didn’t. I understand that this will be addressed in the future, but right now there’s no...
by admin | Aug 12, 2009 | GIPS, Returns
John Simpson and I are conducting a GIPS(R) verification and I’m reminded of Ronald Reagan’s advice to trust, but verify.On multiple occasions we’ve encountered situations where the returns are incorrect, as produced by the software. Sometimes...
