by David Spaulding | Nov 24, 2015 | benchmarks, index, Investment Performance Guy, market index, performance measurement
Too many in our industry are unaware of the increases in benchmark costs. TSG is committed to promoting market index cost transparency, in order to shed increased light on this topic. For some time now, TSG has been working with three leading custodians (BNY Mellon,...
by John D. Simpson, CIPM | Oct 1, 2015 | CIPM Exam Tips & Tricks, performance measurement
We had our September Performance Measurement Think Tank call earlier this week, and it was another interesting session of questions and polls. What did we cover? Discussion topics/questions included: What are we seeing in the industry with respect to software vendor...
by David Spaulding | Sep 29, 2015 | Investment Performance Guy, performance measurement
A topic that often arises at our Performance Measurement Forum meetings is outsourcing: that is, whether or not firms should consider outsourcing some or all of their performance measurement function, what firms are outsourcing, and what’s the experience...
by David Spaulding | Aug 26, 2015 | annualization, Investment Performance Guy, performance measurement
We teach how to annualize rates of return in our Fundamentals of Performance Measurement course. Invariably, someone will ask whether using trade days might be better than calendar days. I normally give a brief explanation as to why it wouldn’t, and then...
by David Spaulding | Aug 12, 2015 | discretion, GIPS, GIPS standards, Global Investment Performance Standards, Investment Performance Guy, performance measurement
Let’s face it, there’s a lot about the Global Investment Performance Standards (GIPS(R)) that can be confusing, and much is owed to some of the terminology that’s used. This post will only focus on one of those terms: discretionary, as in “all...
by David Spaulding | Jul 15, 2015 | cash flow timing, cash flows, Investment Performance Guy, performance measurement
Mixed Treatment of Cash Flows Today marks the third day of our three-part installment on handling cash flows. The first part saw us treat cash flows as end-of-day events and the second had flows as start-of-day events. To quickly summarize the challenges with...
