by admin | Oct 7, 2011 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, GIPS, Modified Dietz, significant cash flows
An Expert Level candidate asked some questions related to sample exam Item Set #15; the vignette is described below:White Oaks Investment Management, a firm that claims to comply with the GIPS standards, manages an equity portfolio for the City of Kent’s pension plan....
by admin | Mar 23, 2011 | GIPS, Global Investment Performance Standards, Modified Dietz
A GIPS(R) (Global Investment Performance Standards) verification client sent me a note recently, stating that they had historically used Modified Dietz for their returns, but will be switching to “true daily.” He asked if this was permitted or if they...
by admin | Jul 9, 2010 | IRR, Modified Dietz, time-weighting
There seems to be some confusion as to what “time-weighting” actually means. The term was coined in the 1968 Bank Administration Institute (BAI) standards. The BAI proposed three ways to calculate returns: the “exact method,” whereby we revalue...
by admin | Oct 7, 2009 | IRR, Modified Dietz, money-weighting, Reporting
Many firms like to group a client’s accounts together, to provide a consolidated report that presents the client with the “overall picture” of what they hold. This is commonly done in the brokerage arena, as well as by others. So, how does one...
