by TSG | Jun 30, 2026 | GIPS, Performance Perspectives Newsletter, risk
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by TSG | Jun 25, 2026 | GIPS, Performance Perspectives Newsletter, risk
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by admin | Jun 11, 2025 | money-weighting, Returns, risk, Standard Deviation, time-weighting
Continuing our discussion of Michael Lewis’ Moneyball, I think there’s a HUGE parallel between baseball statistics and what we do in investment performance measurement. Both deal with measuring performance: the performance of baseball players / the...
by admin | Dec 28, 2024 | GIPS, Global Investment Performance Standards, risk, risk-adjusted return, Sharpe ratio, Standard Deviation
Standard deviation is a much misunderstood measure, in spite of its common use. First, is it a risk measure? It depends on who you ask. It’s evident that Nobel Laureate Bill Sharpe considers it to be one, since it serves this purpose in his eponymous...
by David Spaulding | May 6, 2018 | PMAR, GIPS, GIPS 20/20, Global Investment Performance Standards, Investment Performance Guy, Journal of Performance Measurement, pension funds, performance attribution, performance calculations, performance measurement, Performance measurement conference, risk
A thought occurred to me while I was driving to Bethesda, Maryland today (I will be doing a GIPS® verification here tomorrow). Chances are, most performance measurement professionals, even those who’ve attended one or more PMAR (Performance Measurement...
by David Spaulding | Jun 28, 2017 | precision, GIPS, Global Investment Performance Standards, Investment Performance Guy, performance measurement, Returns, risk
How much precision do we need? I’m a rounder: I confess. I’m fine rounding numbers. When I was mayor of the Township of North Brunswick (NJ) (2000-2003), our finance officer would deliver reports to me with precision to the penny; I told him just to...
