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think tank boy

We had our September Performance Measurement Think Tank call earlier this week, and it was another interesting session of questions and polls.

What did we cover?

Discussion topics/questions included:

  • What are we seeing in the industry with respect to software vendor consolidation?
  • What is required/recommended with respect to intra-month valuations of alternative assets?
  • What are firms doing with respect to “strategy level tagging” of assets for multi-asset-class attribution analysis and composite tracking?
  • What is good practice for firms managing multi-asset strategies, and the introduction of carve-outs when first establishing GIPS vs. at a later date?
  • Should the legs of interest rate swaps and credit default swaps be valued using dirty prices or clean prices?

Poll questions largely tied into the discussion topics, including:

  • Has vendor consolidation impacted your firm? (100% have been affected; 60% felt the impact was negative)
  • Do you value GIPS composite assets using subjective, unobservable inputs (22% yes, but immaterial to composite; 11% yes and material)
  • Do you use strategy level tagging (11% yes, for returns, attribution and composites; 22% yes for returns and attribution only)

The above is just a sampling of what was covered during our session, which included some great discussion and live Q&A with Think Tank participants.

Our next session is scheduled for October 26th at 8:00 am Pacific (11:00 am Eastern).

Interested in trying the Think Tank?  We are offering a risk-free trial on our next session!

For more information on the Performance Measurement Think Tank, please contact Patrick Fowler ( or Chris Spaulding (!

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