by admin | Mar 4, 2011 | GIPS, Global Investment Performance Standards, money-weighting, time-weighting
I recently wrote a letter to Pensions & Investments, which was published in their February 21 issue. Titled “Flaw in time-weighting return,” it was a response to an earlier P&I article that discussed how plan sponsors need to ensure they’re...
by admin | Mar 3, 2011 | money-weighting, time-weighting
I am confident that anyone who has been involved with the development of software will agree that the first 90% of a project is much easier to accomplish than the last 10%; the balance sometimes takes “forever!” Even husbands who take on home projects...
by admin | Feb 21, 2011 | arithmetic attribution, money-weighting
Welcome back to “animation Monday.” Steve Campisi, CFA, who was our first “guest blogger,” has become our first “guest animator”! Steve always has some insightful and interesting perspectives, and today he presents his views in an...
by admin | Feb 10, 2011 | GIPS, Global Investment Performance Standards, money-weighting, time-weighting
I love the weekend edition of The Wall Street Journal. Invariably I find one or more articles to reference in one place or another. And this past weekend it was Matt Ridley’s “A Key Lesson of Adulthood: The Need to Unlearn.” As Matt so correctly put...
by admin | Jan 11, 2011 | GIPS, Global Investment Performance Standards, IRR, money-weighting, time-weighting
A client asked about the “general landscape among financial companies in terms of usage of different performance engines/performance calculations.” Specifically whether true daily or Modified Dietz is prevalent when it comes to portfolio and security level...
by admin | Oct 14, 2010 | money-weighting, time-weighting
During our Fundamentals of Investment Performance class, when we get to the discussion of time- versus money-weighting, a question arises as to why firms continue to exclusively employ time-weighting, when it’s quite clear that there’s a major role for...
