by admin | Dec 13, 2013 | Investment Performance Guy, News
Nine years ago I was reviewing a client’s performance system, and noticed on one of their reports they showed “annualized” and “cumulative” returns for the prior one, two, three, five, … years. It struck me as quite odd that...
by admin | Dec 11, 2013 | Investment Performance Guy, News
For those of you who’ve been wondering…finally!
by admin | Dec 10, 2013 | Investment Performance Guy, News
Asset management firms have, for the past few decades, generally agreed that “trade date” (t/d) accounting is preferred. This practice has been so common that custodians regularly provide trade date reports (where they used to only do settlement date...
by admin | Dec 9, 2013 | Investment Performance Guy, News
TSG surveys on the Global Investment Performance Standards have consistently shown that most compliant firms get their verifications done annually. But is this the optimal frequency? Well, let’s consider this topic for a moment.How about more often than...
by admin | Dec 4, 2013 | Investment Performance Guy, News
Having preached the benefits of money-weighted returns for the past several years, along with a group of comrades, including Steve Campisi, CFA, I’m quite pleased to see that the idea is catching on.GASB, the U.S. Government Accounting Standards Board, now...
by admin | Dec 3, 2013 | Investment Performance Guy, News
I recently learned of a firm that has enhanced their system to provide the ability to aggregate multiple portfolios for performance reporting. They reference GIPS(R), so clearly the fact that it’s permitted within the Standards for composite returns is seen as...
