by admin | Sep 24, 2010 | GIPS, Global Investment Performance Standards
When it’s an “administrative composite.” I just commented on a response to someone who commented on yesterday’s post, regarding “catch-all” composites. Many firms utilize “administrative” composites to keep track of...
by admin | Sep 23, 2010 | GIPS, Global Investment Performance Standards
In 1993, while attending a conference on the AIMR-PPS(R) standards, a speaker made the statement that virtually all compliant firms would have “turkey composites.” I was a bit dumbfounded by this, because at the time I didn’t know what a...
by admin | Sep 22, 2010 | GIPS, Global Investment Performance Standards, money-weighting, time-weighting
If you’re a frequent reader of my blog and/or our firm’s newsletter, you know of my passion for money-weighting, especially when it comes to subportfolio returns.I’m teaching classes this week for a client and when we discussed subportfolio returns...
by admin | Sep 16, 2010 | GIPS, Global Investment Performance Standards
I conducted a GIPS(R) (Global Investment Performance Standards) verification for a new client earlier this year, who had previously used a different verifier. During the course of the review, I discovered a number of items that prohibited me from issuing a...
by admin | Sep 10, 2010 | GIPS, Global Investment Performance Standards
I just got off the phone with a GIPS(R) (Global Investment Performance Standards) verification client, who is splitting away their institutional business from the trust side of their firm: a common step for banks and trust companies. They must decide on what an...
by admin | Sep 8, 2010 | GIPS, Global Investment Performance Standards
When I was in the Field Artillery (many years ago), a gun battery would, once it had established a new position, orient their weapons to adjust for any misalignment which may have taken place since the last time they had been calibrated. This way, if a howitzer was...
