by admin | Oct 25, 2011 | GIPS, Global Investment Performance Standards
The GIPS(R) (Global Investment Performance Standards) Q&A desk appears to have introduced a new rule:Firms may not add new accounts within a month*While I have no problem with this change, it would have been nice if it had been put forward for public comment,...
by admin | Oct 21, 2011 | examinations, GIPS, Global Investment Performance Standards, verification
#4 GIPS Performance ExaminationsWe have always been big supporters of GIPS(R) (Global Investment Performance Standards) verifications: given the Standards’ complexity, it is very easy for firms to make mistakes.At one time it was expected that verifications...
by admin | Oct 19, 2011 | GIPS, Global Investment Performance Standards
#2 Using spreadsheets to maintain your GIPS compositesTSG began surveying the industry on the presentation standards (initially the AIMR-PPS(R); later GIPS(R) (Global Investment Performance Standards)) in 1994, and we’ve done it several times since then. We have...
by admin | Oct 18, 2011 | GIPS, Global Investment Performance Standards
Let’s start with a joke: As a salesman approaches a farmhouse door, he notices a three-legged pig hobbling about on the front porch. The salesman knocks on the door and is greeted by the farmer. Before making his pitch he asks “what happened to this...
by admin | Oct 14, 2011 | GIPS, Global Investment Performance Standards, Standard Deviation
A verification client called me with the following question: they have historically calculated dispersion around the composite’s return; however, their new GIPS(R) (Global Investment Performance Standards) system measures it around the average of the accounts...
by admin | Oct 10, 2011 | GIPS, Global Investment Performance Standards, net of fees
We received a question from a client recently, who cited the GIPS(R) (Global Investment Performance Standards) Fees Guidance Statement.On page 5 we find the following:Let’s focus on the sentence that reads “In these situations, it is most appropriate to...
