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,...
by admin | Dec 30, 2009 | CIPM, ethics, GIPS, Global Investment Performance Standards, money-weighting, Returns, time-weighting
Calculating rates of return really isn’t that difficult. And while we may debate whether returns should be calculated using money-weighting or time-weighting, such issues pale in comparison with the broader aspect of ethics. I must confess that I initially...
by admin | Dec 29, 2009 | GIPS, Global Investment Performance Standards
When commenting on someone’s writing I often recommend using the active voice. A recent example may help. A client sent us their GIPS(R) Policies & Procedures document to review. It included the following: “there are few industry-accepted standards for...
by admin | Dec 28, 2009 | GIPS, Global Investment Performance Standards, risk, risk-adjusted return, Sharpe ratio, Standard Deviation
Standard deviation is a much misunderstood measure, in spite of its common use. First, is it a risk measure? It depends on who you ask. It’s evident that Nobel Laureate Bill Sharpe considers it to be one, since it serves this purpose in his eponymous...
