by David Spaulding | Sep 11, 2025 | Investment Performance Guy, performance measurement
I recently conducted a software certification of a software vendor’s composite system, where they use the term “Discretionary” as a characteristic of accounts. They correctly point out to their clients that this term is meant from the...
by David Spaulding | May 25, 2025 | asset owners, GIPS, Global Investment Performance Standards, internal rate of return, Investment Performance Guy, IRR, performance measurement, time-weighted return, time-weighting, TWR
The revised GIPS for Asset Owners guidance statement hasn’t yet been finalized, but we can pretty much expect that the time-weighted composite return requirement will remain. At a recent NYSSA (New York Society of Security Analysts) GIPS program, that I...
by TSG | Dec 4, 2023 | performance measurement
The 27th Annual GIPS® Standards Conference was held October 17-18 in Chicago. TSG was there and found the conference enjoyable (it was great seeing everyone) and educational. Over the next few weeks, we will share some key takeaways from the conference, starting...
by TSG | Dec 4, 2023 | performance measurement
SEC Marketing Rule — Lessons Learned The financial landscape is constantly evolving, and so are the regulations governing it. One such significant development is the SEC Marketing Rule, a set of guidelines investment firms must adhere to when presenting performance...
by David Spaulding | Oct 13, 2023 | Investment Performance Guy, performance measurement
There was a time when we saw new GIPS® guidance statements introduced on a pretty frequent basis; so much so, many of us were overwhelmed by them.Well, a new one was just introduced that addresses Outsourced Chief Investment Officers, or OCIOs. If your firm or...
by David Spaulding | Oct 10, 2023 | Investment Performance Guy, performance measurement
Thirty-Plus years ago, when the Association for Investment Management & Research (AIMR) launched its Performance Presentation Standards (AIMR-PPS®), the United States Securities & Exchange Commission (SEC) showed support, but never formally endorsed it. Now...
