by admin | Aug 24, 2012 | Investment Performance Guy, News
TSG offers Operational Reviews and Software Certifications, both of which expose us to formulas that firms put into use. Sometimes, they are variations of formulas that have been around for years; but occasionally, they’re brand new; ones the clients...
by admin | Aug 24, 2012 | bond mathematics, Campisi model, CIPM, CIPM Exam Tips & Tricks, CIPM expert, fixed income attribution, performance attribution, performance measurement
For many CIPM Expert Level candidates, fixed income attribution is the most difficult topic. This is evident when I teach TSG’s CIPM prep classes, as we devote an entire afternoon to the subject. Among the three models that candidates are required to...
by admin | Aug 23, 2012 | attribution analysis, CIPM, CIPM Exam Tips & Tricks, CIPM expert, futures contracts, performance measurement
At the Expert Level of the CIPM curriculum, candidates are required to deal with return calculations of portfolios with futures contracts, as well as attribution analysis. A good number of candidates, however, have little to no background on futures contracts,...
by admin | Aug 23, 2012 | Investment Performance Guy, News
This post’s headline comes from a book by the late Chet Holmes. It’s doubtful, very doubtful, that anyone would disagree with such a statement. Our firm provides several training courses, but nothing that deals specifically with technology...
by admin | Aug 21, 2012 | Investment Performance Guy, News
Carl Bacon, CIPM, when asked to contrast geometric and arithmetic attribution, will no doubt point out the chief advantages geometric offers:Proportional: the active return is a ratio, not a difference, as we find with arithmetic. Convertible: the active return is...
