by David Spaulding | Sep 12, 2017 | Verifier Independence, GIPS, GIPS 20/20, GIPS verification, Global Investment Performance Standards, guidance statement, Guidance Statement on Verifier Independence, Investment Performance Guy
The Global Investment Performance Standards (GIPS(R)) expects an asset manager or owner’s verifier to be independent, meaning that their assessment of the firm/organization must be objective, and not influenced by any other relationships or associations,...
by David Spaulding | Sep 7, 2017 | GIPS 20/20, GIPS, GIPS standards, GIPS verification, Global Investment Performance Standards, Investment Performance Guy
Announcing our “Keeping Up w/GIPS(r) Webinar” A lot is happening with the Global Investment Performance Standards (GIPS). So much so, that it might be a tad overwhelming. You might be tempted to just ignore some of it, thinking “does it really...
by David Spaulding | Jul 31, 2017 | pension funds, asset owners, GIPS, Global Investment Performance Standards, Investment Performance Guy, IRR, money-weighted return, performance measurement, time-weighted return, time-weighting
This is the time of year when many pension funds report their returns for the prior fiscal year. And often, the reported returns were calculated using a time-weighted method. But, is this appropriate? Or, perhaps, is more needed? In my way of thinking, pension...
by David Spaulding | Jun 28, 2017 | precision, GIPS, Global Investment Performance Standards, Investment Performance Guy, performance measurement, Returns, risk
How much precision do we need? I’m a rounder: I confess. I’m fine rounding numbers. When I was mayor of the Township of North Brunswick (NJ) (2000-2003), our finance officer would deliver reports to me with precision to the penny; I told him just to...
by David Spaulding | Jun 6, 2017 | past performance, GIPS, Global Investment Performance Standards, Investment Performance Guy, SEC, Securities & Exchange Commission
First, in the spirit of full disclosure … The source for this post is one of our GIPS verification clients. They reached out today, alerting me of what they believed was misleading information as reported by Barron’s. After some discussion and a bit of...
by David Spaulding | Jun 2, 2017 | GIPS 20/20, GIPS, Global Investment Performance Standards, Investment Performance Guy
In case you haven’t heard, the Global Investment Performance Standards (GIPS®) are going to have a rather major “make over.” It’s planned for 2020, and so to take advantage of the uniqueness of this particular year, it’s being referred to...
