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...
by admin | Jul 27, 2009 | GIPS
GIPS(R) compliant firms are required to include all actual (i.e., a REAL account, not a model), fee-paying (i.e., that the account pays fees, though this may change with GIPS 2010 to mandate the inclusion of non-fee paying accounts, too), discretionary accounts into...
by admin | Jul 24, 2009 | GIPS, risk, Standard Deviation
Standard deviation is a commonly used statistic, well known by many long before they enter the world of performance measurement, which serves multiple purposes and thus engenders confusion.The GIPS 2010 draft proposed a requirement that a 36-month annualized standard...
by admin | Jul 20, 2009 | GIPS
I can’t allow the almost history making weekend in Turnberry, Scotland go by without trying to tie it to investment performance. Well, how’s this?Tom Watson once accused fellow golfer Gary Player of cheating. This was during the first...
