by admin | Jun 23, 2009 | GIPS
I was at the U.S. Open on Sunday and enjoyed the event quite a bit. As we were returning home, I thought that there had to be something I could take away that relates to performance measurement. Well, it didn’t take long to come up with it: the rules.The U.S....
by admin | Jun 19, 2009 | GIPS, money-weighting, Standard Deviation, time-weighting
As often happens when I read, I stumble upon quotes which I will want to employ in my speaking and writing. Here are just a few from Michael Lewis’ Moneyball, along with commentary:- The meetings, from their point of view, are all about minimizing risk (p. 27):...
by admin | Jun 17, 2009 | GIPS
The GIPS (r) standards include a provision that deals exclusively with the notion of “verifier independence.” The standards recognize that in order to do an effective, independent, and objective verification, the firm must be independent. But...
by admin | Jun 16, 2009 | GIPS
I just learned that David Letterman made, what has been come to thought of as, an offensive joke a week ago, directed at Alaska Governor Sarah Palin’s daughters. Since I don’t watch late night talk shows, I was unaware of this event until this morning....
by admin | Jun 15, 2009 | GIPS
If you have a copy of the current version of the GIPS(r) standards, you can fairly easily identify most of the planned changes for this coming January. They include the requirement to revalue portfolios whenever large cash flows occur and the need to manage cash...
by admin | Jun 12, 2009 | GIPS
Patrick Fowler and I are still in Stockholm, having just finished our semi-annual European Performance Measurement Forum meeting, which was deemed quite a success, with much interaction and sharing.As a result of some discussion I have come to realize that perhaps...
