by admin | Jan 3, 2013 | Investment Performance Guy, News
Over the past few years there have been at least two lawsuits filed, where an asset manager had committed fraud, either with a Ponzi scheme or some other means, and where the firm had claimed compliance with GIPS(R) (Global Investment Performance Standards). When...
by admin | Jan 2, 2013 | Investment Performance Guy, News
You’re probably familiar with the expression “just because you can do something, doesn’t mean you should.” There have been several times where this saying has come in handy, and this post deals with one more case: standard deviation.In...
by admin | Dec 27, 2012 | Investment Performance Guy, News
We often get questions about a problem all asset managers face: a client requests you to sell some of his/her/their securities, to free up cash that they plan to withdraw. Between the time that the cash is created and it’s finally taken by the client, it’s...
by admin | Dec 26, 2012 | Investment Performance Guy, News
A recent WSJ headline referenced one major bank’s problems as regulators challenge its risk management practices. This made me think of comments I usually make during our firm’s Fundamentals of Performance Measurement course, when I touch on risk...
by admin | Dec 24, 2012 | Investment Performance Guy, News
This has been quite a year. We’ve had our ups, and our downs, just like all years. Overall, TSG had a great year. Our verification practice continues to grow, and our GIPS(R) verification clients now number more than 100. Our PMAR conferences both had record...
by admin | Dec 21, 2012 | Investment Performance Guy, News
The Spaulding Group’s December newsletter deals with the use of spreadsheets, and their all too frequent use as “systems.” I point out, as I’ve done countless times elsewhere, that they are:time-consumingerror pronecumbersomenot...