by admin | Jun 29, 2009 | After-tax, GIPS
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...
by admin | Jun 24, 2009 | GIPS
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...
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....
