by admin | Feb 17, 2012 | GIPS, Global Investment Performance Standards
The chair of the verifier/practitioner committee (currently held by Carl Bacon, CIPM) for the GIPS(R) (Global Investment Performance Standards) Executive Committee is up, and nominations are being sought. And so, if you think you’d like to serve, let them...
by admin | Feb 16, 2012 | aggregate method, composites, GIPS, Global Investment Performance Standards
Fear not! I haven’t given up on my arguments against the use of the aggregate method to derive the extremely important composite returns (which are the bedrock of the Standards).I was conducting a GIPS(R) verification earlier this week, and stumbled upon the...
by admin | Feb 13, 2012 | GIPS, Global Investment Performance Standards
In a recent blog post I referenced the notion of taking into consideration the “spirit” of the GIPS(R) standards (Global Investment Performance Standards) to consider what would be permitted. Being ever mindful of the underlying “spirit”...
by admin | Feb 9, 2012 | GIPS, Global Investment Performance Standards, Reporting
The GIPS(R) Standards (Global Investment Performance Standards) require compliant firms to make every reasonable effort to provide prospects with a compliant presentation (¶ I.0.A.9); actually, not just any presentation, but the one(s) that aligns with the...
by admin | Feb 8, 2012 | client reporting, GIPS, Global Investment Performance Standards
Leave it to my friend, Philip Lawton, PhD, CFA, CIPM, to find a way to link a philosopher with client reporting. In a recent blog post, he did just that, commenting on the initiative spearheaded by Stefan Illmer, to develop client performance reporting standards...
by admin | Feb 7, 2012 | GIPS, Global Investment Performance Standards, verification
In conducting research studies, we often want to introduce a degree of randomness, to avoid the potential bias that might creep in if we select our cases directly. There are random number generators available to assist us, although many of them have been challenged...