by admin | May 13, 2010 | Investment Performance Guy, News
An observant reader identified an error in my math in yesterday’s post, which I should have caught immediately. Long ago I realized that outflows should be treated as end-of-day events. Let’s consider yesterday’s post a bit more. We started the day...
by admin | May 8, 2010 | Investment Performance Guy, News
I’m taking some liberties here, as this is mainly John’s blog, but knowing that most of the readers probably work for firms that claim compliance with the Global Investment Performance Standards, I thought you might find this invite of interest.Many firms...
by admin | May 7, 2010 | Investment Performance Guy, News
I got an e-mail from a software vendor client who wanted to know what the “standard” is regarding period reporting of benchmark returns. It seems they have a client who wants to see 3 1/2 year benchmark performance (because their portfolio is for 3 1/2...
by admin | May 4, 2010 | Investment Performance Guy, News
A client called yesterday asking about annualizing yield to maturity (YTM). Can this be done and if so, how? One should recall that the Yield to Maturity of a bond is calculated by using the internal rate of return, thus YTM = IRR. IRR is often expressed across a...
by admin | Apr 21, 2010 | Investment Performance Guy, News
Please allow me to vent a bit more regarding the SEC / Goldman Sachs news. In an editorial in yesterday’s Wall Street Journal we learned that last Friday, when the SEC announced its lawsuit alleging fraud by Goldman Sachs, they announced the publication of an...
by admin | Apr 19, 2010 | Investment Performance Guy, News
Not surprisingly, the SEC attack on Goldman Sachs got the most coverage of all stories in today’s Wall Street Journal. In “Vital Legal Concept Key to Case” we learn how materiality plays a vital role in the government’s case [recall how...
