Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
The Superheroes of Performance Measurement will be at PMAR in 2013!
Is GIPS the solution to backtested performance problems?
Yesterday I posted about Jason Zweig's recent article, that discussed a manager's questionable past performance that was being shown to prospects; it was based on backtested results. Rick Ferri wrote a Forbes post that also discussed this manager. He...
The model for how NOT to report past performance to prospective clients
In this past weekend's WSJ, Jason Zweig once again provided fodder for our use. In "Protecting Your Bucket," he describes the practices of RJL Wealth Management, who provides investors with hypothetical performance. The SEC appears to have some issues with this...
Upcoming Webinars
This coming Monday, September 17, from 11 AM to 1 PM, I will host a webinar titled The 10 Most Common Mistakes GIPS Compliant Firms Make. This webinar is free!My colleague, John D. Simpson, will host a webinar on Tuesday, September 25, starting at 12 noon (EST). It is...
Performance Measurement Department’s Top Five Struggles
We have already heard from a few folks with their lists of the "top five struggles performance measurement departments face," and there's time for more, but soon there won't be!I posted an invitation last week for readers to submit their lists. One will be selected to...
Remembering 9/11
A new publishing year of The Journal of Performance Measurement will soon be here, along with some new additions
You are probably aware of my habit of referencing anniversaries, especially those ending with a "5" or "0." Well, this Fall will see The Journal of Performance Measurement(R) begin a new publishing year, but it won't end with either of these numbers. However, that...
Trading without the cash
I just got off the phone with a GIPS(R) (Global Investment Performance Standards) verification client, who is trying to reconcile the settlement and trade date sides of trading. On trade date, they don't have the cash necessary to make a purchase; but, by settlement...
Time for a brief survey
Our firm's COO, Patrick Fowler, recently asked us to answer this question:What are the top five struggles performance departments face?Before sharing with you our responses, I thought I'd ask YOU to respond. And to encourage you to do so, we'll offer a...
To rebalance or not to rebalance your benchmark
I was recently interviewed by Money magazine on the subject of benchmark rebalancing. Let's say your strategy is 70% equities and 30% bonds, and you are using the S&P 500 for the equity component and the Barclay's Agg for bonds. At some point, because market...