by admin | Dec 20, 2010 | GIPS, Global Investment Performance Standards
A client of ours asked us the following: Is their a distinction between being a GIPS® compliant firm and claiming that our performance is GIPS verified? In other words, is the industry standard to have all advertisements and websites GIPS verified if your performance...
by admin | Dec 14, 2010 | GIPS, Global Investment Performance Standards
Many firms provide their clients or prospective clients with net-of-fee returns. I happen not to generally like these in a GIPS(R) (Global Investment Performance Standards) presentation, as their value is questionable. If you use actual fees, these fees typically...
by admin | Nov 30, 2010 | GIPS, Global Investment Performance Standards, Standard Deviation
Imagine for a moment that the designers of the various investment risk measures have gathered for a dinner; perhaps this is an annual event (may as well have it annual, since we like to annualize risk measures, right?). And imagine that you have the opportunity to...
by admin | Nov 22, 2010 | GIPS, Global Investment Performance Standards, hedge funds
We often get contacted by hedge funds who are considering GIPS(R) (Global Investment Performance Standards) compliance. For some reason they see this as being a monumental task; but it really isn’t. Here are some key attributes of hedge funds which make the task...
by admin | Nov 19, 2010 | GIPS, Global Investment Performance Standards
I got a call from another verifier who was wondering if GIPS(R) (Global Investment Performance Standards) 2010 requires firms that object to the use of annualized standard deviation to still show this measure, even though they have (a) documented why standard...
by admin | Nov 10, 2010 | GIPS, Global Investment Performance Standards
Often when meeting with clients or teaching a class on the Global Investment Performance Standards (GIPS(R)), I mention the basic requirement that all actual, fee paying, discretionary accounts must be included in at least one composite. But what do these words mean?...
