by admin | Feb 23, 2010 | GIPS, Global Investment Performance Standards, value at risk
We had to reschedule yesterday’s webinar on VaR (Value at Risk): the new date is Wednesday, March 10, at 11:00 EST. We will hold a second webinar in March to discuss the planned changes to the Global Investment Performance Standards (GIPS(R)) (GIPS 2010). It...
by admin | Feb 20, 2010 | risk
William McKibbin is running a Linkedin poll asking participants whether or not they think one can measure risk. The response so far suggests that two-thirds feel it is; that’s how I voted. If it’s not measurable, does that mean that it’s not yet, or...
by admin | Feb 18, 2010 | GIPS, Global Investment Performance Standards, Standard Deviation
Let’s address the subject of standard deviation, but not from a risk perspective, but rather as a dispersion measure. Way back in 1997, when the AIMR Performance Presentation Standards (AIMR-PPS(R)) introduced the requirement for firms to disclose a measure of...
by admin | Feb 17, 2010 | GIPS, Global Investment Performance Standards
The CFA Institute announced the release of the newest version of the Global Investment Performance Standards: GIPS 2010. We recommend you get a copy of the new GIPS(R) standards and begin to familiarize yourself with it, as there are loads of changes you’ll need...
by admin | Feb 17, 2010 | GIPS, Global Investment Performance Standards, Madoff
The Global Investment Performance Standards’ (GIPS(R)) latest edition, GIPS 2010, mandates that firms have a written policy to ensure the existence and ownership of client assets (see paragraph 0.A.5). I suggested a few days ago that this was most likely in...
