by admin | Jan 20, 2010 | GIPS, Global Investment Performance Standards
Firms that claim compliance with the Global Investment Performance Standards (GIPS(R))are now required to revalue their portfolios whenever large cash flows occur. A few points to make: What if you calculate composite returns and use the aggregate method (i.e., where...
by admin | Jan 14, 2010 | GIPS, Global Investment Performance Standards
I got a call this week from a firm that is trying to deal with the recent changes to the Global Investment Performance Standards (GIPS(R)) rules regarding carve-outs. As of January 1, firms that wish to use carve-outs must manage their cash separately. While this may...
by admin | Jan 13, 2010 | GIPS, Global Investment Performance Standards, hedge funds
The Global Investment Performance Standards (GIPS(R)) don’t currently have any rules or guidance specifically geared to the world of hedge funds, which seems a pity. Some think that “everything you need to know is already there,” but I don’t....
by admin | Jan 13, 2010 | attribution, Global Investment Performance Standards
I suspect that software vendors are often frustrated by some of the requests they receive from clients. Clients occasionally ask for things that don’t make sense, but the vendors have to respond (or attempt to convince the client that they’re wrong, which...
by admin | Jan 7, 2010 | GIPS, Global Investment Performance Standards
I had a call yesterday with a client who we’re helping to become compliant with the Global Investment Performance Standards. There was confusion at his shop regarding the presentations they will make to their prospects: must the information they show in their...
by admin | Jan 4, 2010 | GIPS, Global Investment Performance Standards, verification
A couple recent and related blog posts have addressed recent suggestions about the Oppenheimer College Fund Fraud investigation. The Money Game actually points to Mish’s site, which is one that I have listed as a blog I periodically visit. As Mish pointed out,...
