I have written about this topic in the past: that is, how, in most cases, hedge funds should find compliance with the Global Investment Performance Standards (GIPS(R)) pretty simple. However, as a result of an email conversation with TSG's first Africa-based...
Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
Hedge funds & GIPS compliance
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Transparency
Last week was extremely hectic, with travel and TSG's fourth annual PMAR (Performance Measurement, Attribution & Risk) Europe conference in London (which was a HUGE success, by the way (thanks for asking!)). The event itself provided me with material,...
Getting quoted
When I was in politics I was quoted almost weekly, about one thing or another. And I quickly learned that despite all that you may share with a reporter, you cannot and never will control what is written. Sometimes, what gets quoted is not what you had hoped, while at...
Those who can, do; those who can’t, teach
You are probably familiar with the phrase in today's post title. It's clearly a "shot" at teachers and professors, is it not?Its presence was inspired by Steve Campisi's retort to yesterday's post. It was evident that he is, at least at times, uncomfortable with the...
Learning to take the good with the bad
In the course of some research I came across a working paper by A. Basso and S. Funari (dated September 2001) titled "A generalized performance attribution technique for mutual funds." Please don't let the title fool you: this isn't about performance attribution....
Performance Holidays
A subject that has come up occasionally, but that has gotten little attention (and none formal), is the idea of "performance holidays."These arise at times when a client makes a significant contribution to their portfolio, knowing that because of the nature of the...
Using past statistics to predict the future …
Major League Baseball does this every year, one way or another.That is, each year, based on a batter's great start in pounding out home runs, a pitcher's strikeout prowess, or another player's extraordinary early season feats, someone decides to annualize (or...
GIPS 2015 … Not! BUT, what do YOU think?
Last week I mentioned that there will not be a 2015 edition of the Global Investment Performance Standards (GIPS(R)). We're curious what you think about this. And so, please respond to our survey to share your thoughts. It is VERY brief:Please join in. We'll publish...
Two things I learned at PMAR XI that I’m not happy about…
I recently shared some details about this year's PMAR XI. I touched on a fraction of our speakers and topics. Today, I want to candidly share with you two things I didn't like.First, we learned that there will not be a GIPS 2015. I previously mentioned that I had...
PMAR Day 2
I'm a little late in posting, as PMAR Day 2 was last Friday, but I've been recovering from a busy and exciting event. I think there was little doubt that this year's program was the best, yet! It makes it difficult to continue our goal of always getting better, but...