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...
by admin | Jan 30, 2012 | GIPS, Global Investment Performance Standards, Standard Deviation
I participated in a panel discussion last week for the New York Society of Security Analysts (NYSSA). Questions arose regarding the use of standard deviation with GIPS(R) (Global Investment Performance Standards). I used my standard graphic, which distinguishes...
by admin | Jan 27, 2012 | GIPS, Global Investment Performance Standards
We, that is, TSG, are (or should it be, is?) wrestling with a situation where a client may not be consistent in their pre-2011 adoption of “stub periods” for their GIPS(R) (Global Investment Performance Standards) composites (recall that until 1 January...
by admin | Jan 25, 2012 | GIPS, Global Investment Performance Standards, risk, Sharpe ratio, Standard Deviation
The Global Investment Performance Standards (GIPS(R)) now require compliant firms to include the 3-year, annualized standard deviation for the composite and its benchmark. And while this was a somewhat controversial move, it’s here, so we live with it. But, why...
