by admin | May 5, 2012 | GIPS, Global Investment Performance Standards
We are witnessing a case, I believe, of unintended consequences in the world of American football (not to be confused with the rest of the world’s view of football, which Americans call soccer). The fundamental question: do football helmets, which were...
by admin | May 3, 2012 | benchmarks, GIPS, Global Investment Performance Standards, index
A GIPS(R) (Global Investment Performance Standards) verification client was rebalancing their blended benchmark annually and their portfolio monthly. This sparked a whole long discussion with a few colleagues on the appropriate timing for rebalancing. The basic...
by admin | May 1, 2012 | GIPS, Global Investment Performance Standards
The Global Investment Performance Standards (GIPS(R)) have provisions to accommodate firms and individuals that move their skills from one place to another. For example, the emerging markets team from Firm A decides to either set up shop themselves or move...
by admin | Apr 20, 2012 | GIPS, Global Investment Performance Standards
In doing GIPS(R) (Global Investment Performance Standards) verifications under the new version, I’ve witnessed a few firms who insert “N/A” for years prior to 2011, when they chose not to report the 3-year annualized standard deviation. Not showing...
by admin | Apr 19, 2012 | GIPS, Global Investment Performance Standards
Several years ago, TSG published the first guide on the presentation standards. At that time we still had the AIMR-PPS(R), and GIPS(R) was just getting started. Well, the book sold out pretty quickly, and we had plans to revise it, but hadn’t made much...
by admin | Apr 12, 2012 | GIPS, Global Investment Performance Standards
In Thinking Fast & Slow, Daniel Kahneman discusses the notion of evaluating items separately (single) versus in comparison with others (joint). You are no doubt familiar with the importance of having returns and risk measures of a portfolio, for example, shown...
