Performance Perspectives Newsletter

August '10
Using the absolute value in the denominator for modified Dietz; Negative values cause other issues for us; From our readers; CIPM training dates.

July '10
The best at all times...; It's time to abandon the aggregate method for composite returns; New Head of the CIPM Program.

June '10
Behold, I have prepared my case, money-weighting vs time-weighting; Liquidity Risk; Fundamentals of Performance Measurement;  

May '10
GIPS 2010 Now Available at a bookstore near you!, Money weightin is taking off...slowly, but definitely heading to new heights, Start-of-day - End-of-day, Not so obvious, From our readers, PMAR Europe and training

April '10
The CIPM Program, Automobile University, Lacking Appropriate Risk Management, From Our Readers..., Easter egg hunt results, PMAR, New CIPM prep training dates, fundamentals of performance measurement training, performance measurement attribution training, in-house training...
March '10
Performance is so easy, anyone can do it..., Early adoption of GIPS 2010, When daily is too often, Easter egg hunt, New CIPM prep training dates, fundamentals of performance measurement training, performance measurement attribution training, in-house training...

February '10
GIPS 2010 update, If it looks like a duck..., CIPM training, PMAR, In-house training...
January '10
GIPS 2010, Risk Monitoring/ Management, Error Corrections, CIPM Training, 2010 Training Schedule...
December '09
Is the Decade over already?, Fee Question, Factor-based Attribution, Season's Greetings, 2010 Training Schedule...
November '09
CIPC Comments on verifiers lack of fieldwork, Sampling, Factors vs Decisions Based Attribution, 20th Year!, Announcing PMAR Europe, 2010 Training Schedule...
October '09
Getting a grip on GIPS, Alpha, Jensen's Alpha, Periodicity, Annualizing Beta, Training, Trends in Attribution...
September '09
GIPS Examinations: are they really necessary?, We comply because..., Questioning conventional wisdom, Judgment and the standards, GIPS 2010, Training, Trends in Attribution...
August '09
Six years and still going strong, Writing, Four months to go, To template or not to template, Training as a gauge on the market, Family news, Training Schedule, CIPM flash cards, Trends in Attribution...
July '09
Single Account Composites, GIPS 2010...The People Have Spoken, Confusion Caused By Time-Weighting, Speaking about LinkedIn, Webinars, A New Book on Hedge Fund Performance, Standard Deviation and Falling Off the Fence, Trends in Attribution...
June '09
GIPS 2010, My New Blog, LinkedIn, From our Readers, Upcoming training
May '09
Risk is back in style, PMAR VII - Success and highlights, Past specific recommendations, Value at risk - are you convinced that it is voodoo yet?, Performance measurement for pension funds, Multi-currency attribution, Blogging, Upcoming training
April '09
Cumulative vs. Annualized, Madoff & The Beardstown Ladies, After After-Tax is no More, PerformanceJobs.com, Verifier's Corner, Training, PMAR.
March '09
GIPS 2010 - clarified, Market Recovery, Books as a Metaphor, Negative Sharpe Ratios, Verification and Fraud, PerformanceJobs.com, Webinar Series, Verifier's corner, Training, PMAR.
February '09
GIPS 2010, Don't be so negative, What's missing?, GIPS 2010 Webinar, What happens when the new verifier finds out the old verifier didn't do a good job?, Training, PMAR.
January '09
Academic vs. Practitioner writing, Word of the Day, GIPS standards, Attribution for Plan sponsors, fund of funds, Blue Prints and Road Maps vs. Mine Fields, Book of the Month, The Rest is all Bull, Performance Conferences in a Down Market.

Archived copies of Performance Perspectives:

2008 - 2007 -  2006 -  2005 -  2004 (Sept 03 - Dec 04)

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Pamphlets

The Standards of Measurement and Use for Investment Performance Data (1971)
Investment Council Association of America
Limited copies available from ICAA and the Spaulding Group.

Global Asset Management and Performance Attribution (1994)
by Denis S. Karnosky and Brian D. Singer
Provides details on the Karnosky/Singer model as well as insights into global investing
Copies available from The CFA Institute

AIMR Performance Presentation Standards (1997)
The AIMR-PPS - 2nd edition
provides details not available in 2001 edition
Limited copies available from The CFA Institute