by admin | Aug 24, 2010 | GIPS, Global Investment Performance Standards
I don’t know about you, but I was a bit confused by the GIPS(R) (Global Investment Performance Standards) requirement that compliant firms must disclose that additional information regarding policies to calculate and report returns is available upon request (see...
by admin | Aug 18, 2010 | GIPS, Global Investment Performance Standards
I received an interesting question from a Linkedin mate today regarding the Global Investment Performance Standards (GIPS(R)) and the impact that our friend Bernie Madoff may have had: I was just curious about this and I figured you would be a good person to ask, With...
by admin | Aug 18, 2010 | GIPS, Global Investment Performance Standards
I’ve commented in the past how the new version of the Global Investment Performance Standards (GIPS(R)) can be a bit confusing. The “2010” in the title refers to the published date; the effective date is 2011 (actually, January 1, 2011). But when do...
by admin | Aug 11, 2010 | GIPS, Global Investment Performance Standards
Let’s say you have a client who asks you to raise a sum of money, which requires you to sell securities. At what point is this cash no longer yours? That is, at what point should the cash no longer be reflected in the portfolio as being under your discretion?...
by admin | Aug 10, 2010 | GIPS, Global Investment Performance Standards
A hedge fund is considering us and a small CPA firm to do their GIPS(R) (Global Investment Performance Standards) verification and they also want an examination done. If they pass, they want to be able to say that their records “have been audited.” We...
by admin | Aug 2, 2010 | GIPS, Global Investment Performance Standards
We occasionally ask folks what they think is the most confusing aspect of the GIPS(R) (Global Investment Performance Standards), which typically results in a variety of responses. To me, the most confusing term is “discretionary account.” Recall that...
