by admin | Dec 16, 2011 | GIPS, Global Investment Performance Standards, gross of fees, net of fees
Okay, so yesterday we touched on the calculations for gross- and net-of-fee returns. But who should get what?Prospective clients should get gross-of-fee returns, unless the net-of-fee returns are net of the same fee. The problem with most net-of-fee returns is that...
by admin | Dec 9, 2011 | error correction, GIPS, Global Investment Performance Standards
We held a webinar on Monday devoted to the GIPS(R) (Global Investment Performance Standards) Error Correction Guidance Statement. As I pointed out in the session, this GS is one of the most confusing that has been offered, though the newest version is definitely much...
by admin | Dec 5, 2011 | GIPS, Global Investment Performance Standards
One of our GIPS(R) (Global Investment Performance Standards) verification clients may be changing their name soon. What is the requirement for dealing with this?Well, technically there is nothing explicit that I have found which deals with this matter: a quick check...
by admin | Nov 21, 2011 | error correction, GIPS, Global Investment Performance Standards
Here’s an opportunity to gain some insights into the proper way to construct your policy. (If you claim compliance with the Global Investment Performance Standards (GIPS(R)), you are required to have a written policy!).Join me on Monday, December 5, from 11 AM...
by admin | Nov 16, 2011 | GIPS, Global Investment Performance Standards
While driving to Boston to moderate a panel on fixed income investing, my wife and I were listening to David Baldacci’s latest book, Zero Day. Early in the book he explains why folks in the UK drive on the left-hand side of the road. It apparently dates ...
by admin | Nov 15, 2011 | GIPS, Global Investment Performance Standards, real estate
The Global Investment Performance Standards (GIPS(R)) require compliant firms to make certain disclosures regarding the use and extent of leverage in their portfolios (See ¶ I.4.A.13).Does this include real estate?Answer: No!Yes, real estate investing is a leveraged...
