The Global Investment Performance Standards (GIPS(R)) expects an asset manager or owner's verifier to be independent, meaning that their assessment of the firm/organization must be objective, and not influenced by any other relationships or associations, or...
Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
What’s happening with the GIPS Guidance Statement on Verifier Independence?
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What you don’t know about the planned changes to GIPS might hurt/surprise you!
Announcing our "Keeping Up w/GIPS(r) Webinar" A lot is happening with the Global Investment Performance Standards (GIPS). So much so, that it might be a tad overwhelming. You might be tempted to just ignore some of it, thinking "does it really matter?" Well, I can...
Performance Measurement Technology Survey … you have one more week to participate!
We've extended the deadline to participate in our 6th Performance Measurement Technology Survey! While the response to our Performance Measurement Technology Survey has been quite good, we just know we can get at least a few more participants. We originally set...
Heading west with PMAR West
Heeding the words of Horace Greeley, we're going west ... with PMAR West!!! PMAR West: an idea whose time has come! I try to be quick to give credit for great ideas, and so I'll give credit for this one ... to me! Yes, this was my idea. I felt that with the success...
Is midday cash flow treatment acceptable?
Can't decide? Why not "split the difference," and go with a midday cash flow? Occasionally, we hear from firms who just can't decide whether to employ a start- or end-of-day cash flow policy. As you're probably aware, for quite some time I've advocated a "dual"...
How to assess a pension fund’s performance
This is the time of year when many pension funds report their returns for the prior fiscal year. And often, the reported returns were calculated using a time-weighted method. But, is this appropriate? Or, perhaps, is more needed? In my way of thinking, pension...
Announcing TSG’s Sixth Performance Measurement Technology Survey
TSG, in association with Confluence Technologies, Ortec Finance, Robust Technologies, and Statpro, is conducting a performance measurement technology survey. This is the sixth time TSG has conducted a survey on performance measurement technology. The survey...
But it seemed like such a good idea at the time …
I have frequently encountered things that have been implemented, that just seemed like SUCH good ideas at one time. However, often we later discover that what may have, indeed, seemed like a good idea isn't, in reality. This post will focus on a few of cases...
In performance reporting, how much precision do we need?
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 round, to...
When the labels don’t matter; e.g., time-weighting
Sometimes, the labels don't matter We just finished our European conference PMAR, an event that we felt was a huge success. And, as I often do, I made an attempt to interject a bit of humor. A favorite label of mine to pick on is "regular coffee," as the opposite...