by admin | May 12, 2010 | GIPS, Global Investment Performance Standards
I’m conducting a GIPS(R) (Global Investment Performance Standards) verification and encountered something somewhat unusual. The client uses a well known software package to calculate their returns and use a daily method. Here are the approximate details for one...
by admin | May 12, 2010 | GIPS, Global Investment Performance Standards, IRR, time-weighting
Almost 40 years ago I came across a “management test” (of the faux variety) which presented a variety of scenarios which required the “test taker” to respond to. For example: You’re at lunch with your largest client when for some reason...
by admin | May 10, 2010 | GIPS, Global Investment Performance Standards
The long-awaited list of Q&As regarding the Global Investment Performance Standards (GIPS(R)) 2010 edition are beginning to be answered. Go here and limit the search to “after April 2010” to see the first batch. I have only started to review them and...
by admin | May 8, 2010 | GIPS, Global Investment Performance Standards
I just posted this on Linkedin and so want to extend this invite to my blog readers, too. Many firms struggle with their Global Investment Performance Standards (GIPS(R)) policies and procedures; and even for those who feel theirs are pretty good, there is always an...
by admin | May 6, 2010 | GIPS, Global Investment Performance Standards
I was in London this week and reminded about how two words associated with the Global Investment Performance Standards (GIPS(R)) each have two distinctively different pronciations: GIPS: The abbreviation for the standards, which is a word because it’s an acronym...
by admin | May 3, 2010 | GIPS, Global Investment Performance Standards
One aspect of the Global Investment Performance Standards (GIPS(R)) which can be a challenge to deal with is to identify who the client is. While this may seem to be a “no brainer,” it isn’t always. Let’s consider mutual funds. Are the...
