by admin | Aug 19, 2011 | benchmarks, GIPS, Global Investment Performance Standards
A client alerted me about a new Q&A that is on the GIPS(R) (Global Investment Performance Standards) website. I’ll save you the trouble of looking it up, and provide the particulars here. First, the question: “For one of our composites, we use a...
by admin | Aug 8, 2011 | GIPS, Global Investment Performance Standards
Today’s Wall Street Journal had a very interesting article by Jaime Levy Pessin titled “Advisers’ Little Secret: Their Past Results.” It touches on the subject of financial advisers’ general lack of past performance for prospective clients.Many advisers...
by admin | Aug 5, 2011 | GIPS, Global Investment Performance Standards
Okay, I’ve seen this more than a few times, but it just struck me: there’s a comma missing!And what, pray tell, am I speaking about? Paragraph 4.a.1 of the GIPS(R) (Global Investment Performance Standards) 2010 edition. We find the following being the...
by admin | Aug 4, 2011 | GIPS, Global Investment Performance Standards
Jed Schneider and I are doing a GIPS(R) (Global Investment Performance Standards) verification for a client, and a question came up regarding the need to create a composite.A U.S. Equity manager is asked by a client to purchase some Canadian stock; would this (a)...
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...
