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...
by admin | Sep 28, 2011 | AIMR-PPS, GIPS, Global Investment Performance Standards
Brian Chapman (of KPMG, London) reminded me that the AIMR-PPS(R)’s view of composite return is that it’s “a single value that reflects the overall performance (the ‘central tendency’) of the set. The objective in reporting the returns of...
by admin | Sep 23, 2011 | GIPS, Global Investment Performance Standards
Earlier this month I posted a question regarding what the definition of “composite return” is. Given the importance of this value within the GIPS(R) standards (Global Investment Performance Standards), there should be an answer.I promised to expand on this...
by admin | Sep 14, 2011 | GIPS, Global Investment Performance Standards, verification
I stumbled upon an asset manager’s website this week, which served as a good example of some of the problems that exist within the world of firms claiming compliance with GIPS(R) (Global Investment Performance Standards).This firm apparently has undergone a...
by admin | Sep 8, 2011 | aggregate method, GIPS, Global Investment Performance Standards
You may recall that I have opined in the past about the problems I’ve discovered with the aggregate method, both several times in this blog, as well as in our newsletter; I also wrote an article on this topic.Some individuals who have read my materials argue...
by admin | Aug 28, 2011 | GIPS, Global Investment Performance Standards
You have perhaps heard that Abercrombie & Fitch is actually paying members of the reality show, Jersey Shore, money to not use their products; the individual known as “the situation” is one who has been particularly focused on. In this weekend’s...
