by admin | Feb 16, 2010 | value at risk
Value at Risk (VaR) continues to be addressed though it appears that in spite of its shortcomings, it isn’t going away. Therefore, we would recommend that you include an appropriate disclosure whenever you report it, so that the recipient is better informed....
by admin | Feb 12, 2010 | GIPS, Global Investment Performance Standards
If you’re not old enough to remember what undercoating is, I’ll provide a brief explanation. Invariably, if you were going to buy a car 15 years or so ago, the salesman would try to talk you into adding “undercoating.” What was undercoating? It...
by admin | Feb 11, 2010 | rates of return
I’m looking at a client report (fortunately not one that they would give to a client) that shows, for example, the return 41.29959483 percent. Such precision! To eight decimal places! I’m impressed. Well, actually I’m not.Actually, this is a waste of...
by admin | Feb 10, 2010 | GIPS, Global Investment Performance Standards
It isn’t difficult to recognize that some of the changes planned for the Global Investment Performance Standards (GIPS(R)) in 2011 are the result of the misdeeds of one Bernie Madoff. I’ve already commented on the increased attention examinations are...
by admin | Feb 9, 2010 | After-tax, GIPS, Global Investment Performance Standards
You may have heard that the after-tax rules that are in the current version of the Global Investment Performance Standards (GIPS(R)) will be no more, as-of 1 January 2011. And so, what do you do if (a) your firm currently provides after-tax composites that conform to...
