by admin | Mar 11, 2011 | GIPS, Global Investment Performance Standards, significant cash flow
I had a conversation recently with a GIPS(R) (Global Investment Performance Standards) verification client who is trying to deal with occasions when clients make very large withdrawals. In preparation for the transfers, their managers sell securities to raise the...
by admin | Mar 10, 2011 | benchmarks, GIPS, Global Investment Performance Standards
I recently conducted a GIPS(R) (Global Investment Performance Standards) verification for a client who uses the S&P 500 as the benchmark for a hedge fund. But given that the hedge fund isn’t constrained to S&P 500-like securities but can invest in all...
by admin | Mar 9, 2011 | GIPS, Global Investment Performance Standards
I won’t bother to identify the source for today’s post’s title, but it does serve a valuable purpose in trying to understand what words mean. I just finished How I Killed Pluto and Why It Had It Coming, and found it to be exceptional, not just...
by admin | Mar 7, 2011 | animation, GIPS, Global Investment Performance Standards, verification
We decided to create an animation for our GIPS(R) (Global Investment Performance Standards) verification clients, to prepare them for the actual verification. We thought it would be helpful, and thought you might find it of interest, too.It also demonstrates how these...
by admin | Mar 4, 2011 | error correction, GIPS, Global Investment Performance Standards
If you’re old enough you may remember the 1970 movie Love Story, that starred Ryan O’Neal and Ali MacGraw. While today’s movie-going audiences would probably not find the movie very appealing, it did meet with a great deal of success four decades...
by admin | Mar 4, 2011 | GIPS, Global Investment Performance Standards, money-weighting, time-weighting
I recently wrote a letter to Pensions & Investments, which was published in their February 21 issue. Titled “Flaw in time-weighting return,” it was a response to an earlier P&I article that discussed how plan sponsors need to ensure they’re...
