by admin | Jul 26, 2011 | examinations, GIPS, Global Investment Performance Standards
Yesterday’s WSJ carried an interesting op-ed piece (“SEC Smackdown”) regarding the U.S. Securities & Exchange Commission’s attempt to alter the way committees are voted on, an idea that was called “unutterably mindless” by the D.C. (District of Columbia)...
by admin | Jul 25, 2011 | examinations, GIPS, Global Investment Performance Standards, verification
In preparing for today’s webinar on GIPS(R) (Global Investment Performance Standards) Performance Examinations, I constructed, what I believe to be, the first graphical depiction of the confusing history of verification:A brief explanation is in order:First, we...
by admin | Jul 22, 2011 | error correction, GIPS, Global Investment Performance Standards
As of January 1, 2010, any firm claiming compliance with the GIPS(R) standards (Global Investment Performance Standards) must have a documented error correction policy. The policy that the firm comes up with should cover all aspects of their compliant presentations,...
by admin | Jul 20, 2011 | examinations, GIPS, Global Investment Performance Standards
I don’t know about you, but often when I learn a new word I want to take ownership of it, by using it in sentences and making it part of my lexicon. To do this I often have to search for opportunities, which perhaps aren’t as elegant as they might...
by admin | Jul 18, 2011 | examinations, GIPS, Global Investment Performance Standards, verification
This past week saw a few articles appear dealing with test taking. The WSJ reported on teachers who cheat for their students, so that the students’ scores on standardized tests are higher, presumably so that the teachers can qualify for monetary benefits (or...
by admin | Jul 15, 2011 | GIPS, Global Investment Performance Standards, verification
We have been in discussions with a firm that doesn’t claim compliance with GIPS(R) (Global Investment Performance Standards), but still wants their returns “verified.” They wanted to know what they need and what their options are.The introduction of...