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...
by admin | Aug 10, 2009 | GIPS
On July 27 I offered some comments on “discretion,” from a “GIPS” perspective. This resulted in a few responses, so I thought I’d comment further.Firms have discretion on how they define discretion … within reason, of course. But,...
by admin | Aug 6, 2009 | GIPS
I’ll credit Carl Bacon for mentioning several years ago that compliance with the GIPS(R) standards was no longer an advantage; because SO many firms had achieved compliance, failure to comply was a disadvantage. Thus by becoming compliant a firm would eliminate...
by admin | Aug 5, 2009 | GIPS
The Appraisal Institute announced that they endorse more frequent valuations of real estate properties, as was proposed in the GIPS 2010 draft (see...
