by admin | Aug 31, 2010 | Investment Performance Guy, News
Earlier this week my TSG colleagues and I went to lunch to celebrate our 20th anniversary in business. And, they presented me with a beautiful pen to commemorate this event.Because we have a decimal (i.e., base 10) system of counting, we focus on years ending with...
by admin | Aug 31, 2010 | money-weighting, time-weighting
A brokerage client just mentioned that one of their reps wants money-weighted returns at the subportfolio level. And I was asked to contrast the advantages and disadvantages of time- versus money-weighting. Well, in one respect he came to the wrong guy, because there...
by admin | Aug 31, 2010 | GIPS, Global Investment Performance Standards
The Global Investment Performance Standards (GIPS(R)) requires firms to report their “firm assets” as part of each composite presentation. But many people have advisory accounts…should these assets be included? First, what are advisory accounts?...
by admin | Aug 30, 2010 | Investment Performance Guy, News
It appears at times that reports are designed to convey how smart the sender is. And while this is perhaps not normally the intent, it can nevertheless be the message. Sending a client, for example, the results of a complicated fixed income attribution model, when we...
by admin | Aug 27, 2010 | GIPS, Global Investment Performance Standards
Earlier this month I posted about the issue of firms wanting their returns “audited” when they have a GIPS(R) (Global Investment Performance Standards) verification conducted. At that time I mentioned that I had asked a couple of CPA colleagues their...