by admin | Mar 3, 2010 | GIPS, Global Investment Performance Standards
I got a call earlier today from a California-based investment consultant who is wrestling with a problem and wanted to know if there were any rules available. Here’s the scenario: One of their client’s managers subadvises the actual investing for a...
by admin | Mar 2, 2010 | GIPS, Global Investment Performance Standards
My friend, Carl Bacon, and I have discussed the topic of what side of the road one should drive on; if you’ve witnessed Carl and me together, you’re not surprised to hear we disagree on this topic. The Brits, as you no doubt are aware, drive on the left...
by admin | Mar 1, 2010 | GIPS, Global Investment Performance Standards
In our February newsletter I mentioned that the new edition of the Global Investment Performance Standards (GIPS(R)) (i.e., GIPS 2010) doesn’t reference “early adoption” as the ’05 version does. What I failed to do was to indicate that this...
by admin | Feb 26, 2010 | GIPS, Global Investment Performance Standards, IRR
In my response to the Global Investment Performance Standards (GIPS(R)) 2010 edition disclosure draft, I suggested that guidance be provided for fund-of-fund (FOF) managers. The standards clearly apply to such managers, but there weren’t any details offered. The...
by admin | Feb 23, 2010 | GIPS, Global Investment Performance Standards, value at risk
We had to reschedule yesterday’s webinar on VaR (Value at Risk): the new date is Wednesday, March 10, at 11:00 EST. We will hold a second webinar in March to discuss the planned changes to the Global Investment Performance Standards (GIPS(R)) (GIPS 2010). It...
by admin | Feb 18, 2010 | GIPS, Global Investment Performance Standards, Standard Deviation
Let’s address the subject of standard deviation, but not from a risk perspective, but rather as a dispersion measure. Way back in 1997, when the AIMR Performance Presentation Standards (AIMR-PPS(R)) introduced the requirement for firms to disclose a measure of...
