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...
by admin | Jul 11, 2011 | GIPS, Global Investment Performance Standards, verification
A firm we consulted to a few years ago responded to one of our marketing pieces about verification, wondering if they should make the investment to undergo this exercise. They have claimed compliance with the Global Investment Performance Standards (GIPS(R)) for some...
by admin | Jul 7, 2011 | examinations, GIPS, Global Investment Performance Standards, verification
There is little doubt in my mind that if Bernie Madoff were to be given a copy of the proposed changes to the Guidance Statement on Performance Examinations he would pat himself on the back, and be quite proud that his nefarious actions have extended so far.At the...
by admin | Jun 21, 2011 | error correction, GIPS, Global Investment Performance Standards
GIPS(R) (Global Investment Performance Standards) compliant firms are now required to have an error correction policy. This calls for firms to establish rules for materiality, something many struggle with from a definitional perspective.The CFA Institute’s...
