A software vendor client of ours described a situation involving one of their clients. Until a certain date, the portfolio's return was in US Dollars (USD). After that date, it was in Japanese Yen (JPY). The question: can we link these periodic returns?My initial...

In TSG's Fundamentals of Performance and GIPS(R) Fundamentals courses, I often pose this question to attendees:Verification verifies a firm's compliance with GIPS: true or false? Simple question, right? What does it mean to be verified?Is it not intuitive that...

TSG has offered training for close to 20 years, including our one-day GIPS Fundamentals Workshop. To date we've trained over 3,500 individuals throughout the world (all over the United States, in several cities in Canada, various parts of Europe, in South...

I am conducting a "non-GIPS(R)" verification this week for a client who uses "rep" (representative) account performance for marketing purposes. This particular firm is not easily able to comply with GIPS (Global Investment Performance Standards) today, and so this...

We were recently sent the following question, that relates to GIPS(R) (Global Investment Performance Standards) and composites:What becomes of a composites performance if the strategy (value, growth, etc) remains the same, but a new team of portfolio managers and...

Well, maybe.We want to hear from you if you are an asset manager who IS or IS NOT compliant with the Global Investment Performance Standards (GIPS(R)).We are wrapping up our survey, and you have only another week or so to join in.The survey will take you less than 10...

TSG, BrightScope, and the UAPS (Universal Advisor Performance Standards) board of advisors are continuing to move forward with the review of the first draft of these new standards. We are quite pleased that interest in them continues to grow. And this makes sense, as...

Twenty years ago, I suggested to the then head of the AIMR-PPS(R) (the forerunner to the Global Investment Performance Standards (GIPS(R)), Sue Martin, that someone needed to verify the verifiers, because I was discovering misinformation being shared by a few...

We, at TSG, are very excited about next year's Performance Measurement, Attribution & Risk (PMAR) conference. This will be our 11th annual in North America, and our fourth annual in Europe. Each year we strive to make it better, and we believe we...

I recently asked readers to submit their view on the "top five struggles" facing performance measurement departments. Seven folks responded. Not surprisingly, there was no single struggle identified by all; in fact, there wasn't a great deal of overlap. Some...