Madoff or GIPS 2010, Madoff or GIPS 2010, …

Okay, I’ll comment on both:Madoff – 150 years is the right sentence. The max is what this man deserves given what he did to many faithful and trusting friends and investors. Even his wife and sons have (rightly) turned their backs on this man. It’s...

After after-tax

The GIPS EC (Executive Committee) has proposed to eliminate after-tax standards from GIPS(R). This is understandable given that (a) there are two country-specific versions (the U.S. and Italy), (b) GIPS is a global standard and there is a desire not to have any...

In all material respects

The GIPS(R) standards don’t have any wiggle room. While there may be other rules or standards where materiality can come into play, it isn’t the case with GIPS. Firms state that they comply in their presentation materials and don’t qualify, waffle or...

The U.S. Open & Performance Measurement

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....

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