So, you're thinking of acquiring another asset manager; or, perhaps to merge with one. The other firm claims compliance with the Global Investment Performance Standards (GIPS®). Do you think it's worthwhile to have someone "double-check" their GIPS compliance...
Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
Before you buy, verify! Or, at least get an independent check of a firm’s GIPS compliance claim
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Is the SEC’s recent F-Squared enforcement a “wake up call” to the investment industry?
F-Squared Enforcement by the Securities & Exchange Commission Perhaps you've never heard of F-Squared. The only reason I knew the name was because a few years ago, we were asked by a new advisor to help them become GIPS® compliant. They were going to use...
Benchmarks: what can / can’t you do?
Benchmarks & the world of ignorance It appears that there is a tremendous amount of misunderstanding within our industry regarding what firms can or cannot do with market index-based benchmarks. At the core, many investment professionals, including asset...
Shouldn’t we all have at least one “impossible dream”?
I'm reading Michael Caine's first autobiography, "What's it all about." It's actually a signed copy, that I suspect I purchased in London quite a number of years ago. I finally got around to reading it. It's fantastic. I just finished Chapter 19, which also...
A bit of trivia: what does “time-weighted” mean?
Why is it called time-weighted returns? Before I answer this question, it might help to explain where the terms "time-weighting" and "time-weighted" come from. It's not what you may think. No, Peter Dietz, who gave us the "Original Dietz" as well as the...
Announcing an all-day GIPS Webinar
GIPS Webinar / Workshop: December 15, 2016 I'm really excited to announce TSG will host a GIPS® webinar on December 15, 2016. It's going to be an all-day workshop, starting at 10 AM (US) EST. My friends and colleagues, Herb Chain, CPA (formerly of D&T) and Matt...
Getting ready for #GIPS2020
At this year's annual #GIPS conference, we learned that the GIPS® Executive Committee is beginning work on the next edition of the Global Investment Performance Standards: GIPS 2020, or as those of us who Tweet will probably refer to it, #GIPS2020. While...
Preparatory steps to GIPS Compliance
Steps to GIPS compliance, if you're not quite ready to comply We were recently asked the following: “Do you have any recommendations or best practices we should be employing now to provide an easier transition to GIPS® reporting in the future?” I guess we'd call these...
Did you fill out the GIPS survey, yet?
GIPS Survey Time The GIPS(R) Executive Committee has posted a survey here, and they'd like your input. The survey will only take you a few minutes. One question they ask is what changes you'd make to the Standards. I offered three: Change the composite return from an...
Ranking financial advisers … actual performance doesn’t count
Ranking financial advisers ... skip their actual performance Many individuals and institutions rely on the help of financial advisers to assist them in making investment decisions. They go by a variety of names (and spellings), including registered reps, wealth...