by David Spaulding | Aug 21, 2014 | GIPS standards, Investment Performance Guy, News
Several years ago I coined the “3 Cs of Performance Measurement”: Confusion, Change, and Controversy. The GIPS(R) standards are all three, and today’s post will touch on the “confusion” part, specifically the seven most confusing things...
by David Spaulding | Aug 11, 2014 | arithmetic attribution, attribution, attribution linking, benchmarks, geometric attribution, Investment Performance Guy, News, performance attribution, residuals
Not for multi-periods, but for single periods, geometric attribution has residuals! In a recent post about multi-period attribution, I mentioned that while it’s true that arithmetic attribution is “linking challenged,” resulting in residuals that...
by David Spaulding | Aug 6, 2014 | Investment Performance Guy, News
There seems to be a lot of interest in discussing multi-period performance attribution. In one of the LinkedIn groups, we’ve had quite a dialogue going on for the past few weeks, spurred by questions raised by our colleague, Kathleen Seagle. I thought I’d...
by David Spaulding | Jul 28, 2014 | Investment Performance Guy, News
Give credit where credit is due: the late Dr. Stephen Covey did a masterful job with his book, The 7 Habits of Highly Effective People. It became a well-deserved international best seller. Surely we can adopt the concept and apply it to our industry; specifically,...
by David Spaulding | Jul 24, 2014 | Investment Performance Guy, News
I’m in Hong Kong this week, teaching both our Fundamentals of Performance and Performance Attribution classes. While teaching the risk section of Fundamentals, I was explaining the characteristics of Value at Risk (VaR), and how, when one defines the confidence...
by David Spaulding | Jul 22, 2014 | Investment Performance Guy, News
It is with the deepest of regrets that I inform you of the passing of our very dear friend and colleague, Sandra Hahn Colbert. We just learned that Sandra died yesterday, July 21. Some details regarding the funeral arrangements are below. We have known Sandra for...
