by admin | Sep 21, 2009 | GIPS
The GIPS Annual Conference is this week in Boston. Today, I’m teaching a class on the GIPS(r) standards for the CFA Institute, and then will attend a meeting of the USIPC, the group that represents the U.S. for GIPS. As for teaching these classes, I’ve...
by admin | Sep 19, 2009 | Investment Performance Guy, News
“Definitions would be good things if we did not use words to make them” J. Rousseau Our industry is replete with words, expressions, and abbreviations that conjure up different meanings. My son, Chris, and I were on the phone with a prospective consulting...
by admin | Sep 18, 2009 | risk, value at risk
President Obama spoke this week regarding the improving mood on Wall Street and offered that “Those on Wall Street cannot resume taking risks without regard for consequences, and expect that next time, American taxpayers will be there to break their fall.” I’m...
by admin | Sep 17, 2009 | GIPS, time-weighting
Just got a question from a client that I think is worthy of posting. First, is “total return” the “industry standard.” Before answering this, what IS “total return?” Total return simply means that the return includes income. It used...
by admin | Sep 16, 2009 | value at risk
I very much enjoyed Nassim Taleb’s The Black Swan, and so it’s probably no surprise that I’m also enjoying Pablo Triana’ Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets? Taleb even provides the foreword to...
