by David Spaulding | Oct 1, 2014 | Investment Performance Guy, performance measurement
The long-awaited publication of the final GIPS for Asset Owners guidance statement has finally arrived, and so, we’re hosting not one, but two: GIPS for Asset Owners Webinars! And what will we address? Well, let’s turn to the “5 Ws” (and an H)...
by David Spaulding | Sep 11, 2014 | 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 | Sep 9, 2014 | Investment Performance Guy, performance measurement
One of the frequently debated topics in performance measurement is the value of the interaction effect. In last week’s post, Carl Bacon, CIPM suggested that I had made a “solid case for the stupidity of interaction.” His disdain for this...
by David Spaulding | Aug 25, 2014 | cash flows, Investment Performance Guy, performance measurement
While I have no empirical evidence to quickly draw upon, it’s my belief that most firms either treat cash flows as “start-of-day” or “end-of-day” events. Such a convention is thought of as reasonable and even perhaps “best...
by admin | Oct 19, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, kurtosis, MPT, Omega ratio, performance measurement, post MPT, risk measurement, Sharpe ratio, skewness, Standard Deviation, value at risk
Last night, my hometown team, the Los Angeles Dodgers, was defeated by the St. Louis Cardinals in the National League Championship series. The Cardinals will go on to the World Series for a chance at what could be their 20th world championship… while the...
by admin | Oct 16, 2013 | CIPM, CIPM Exam Tips & Tricks, CIPM expert, CIPM Principles, GIPS, GIPS standards, GIPS verification, performance measurement, TSG
(Note: I wrote this post as a guest blogger for the STP Investment Services blog, but it appears that blog is offline and we received a request for the information, so I decided to post the information directly here.) The What, Why and Who of the...
