The Spaulding Group
Call Now: 732-873-5700
Menu
  • GIPS
    • What Our Clients Say
    • GIPS 101
    • What is GIPS Verification?
    • GIPS Support/Pre-Verification
    • GIPS Verification Services
    • Non-GIPS Verification
    • GIPS For Asset Owners
    • Can OCIOs Be GIPS Compliant
  • Services
    • Consulting
      • Technology Consulting
      • Operations Review
    • Training
      • Fundamentals of Investment Performance Measurement
      • Performance Measurement Attribution
      • GIPS Workshop
      • In-House/Custom Training
      • Portfolio Risk Class
      • Performance Measurement for the Non-Performance Professional
      • PERFORMANCE MEASUREMENT FOR ASSET OWNERS AND CONSULTANTS
    • Software Certification
    • Vendor Support
      • Marketing Support
      • System Consulting
    • Publishing
    • Research
  • Products
    • The Journal
      • Media Kit
      • Article Submissions
      • Past Articles of The Journal of Performance Measurement
      • Dietz Award Winners
  • Conferences and Forums
    • Conferences
      • Virtual PMAR Web-Conference
      • PMAR North America
      • PMAR Europe
      • PMAR West
      • Performance Jeopardy Champions
      • Web Conferences
    • Performance Measurement Forum
    • Asset Owner Roundtable
  • Investment Performance Guy Blog
    • CIPM Tips & Tricks
    • Resource Center
  • About Us
    • TSG In The News
    • The Company
    • Awards and Recognition
    • Our Story
    • Careers
  • Contact
  • GIPS
    • What Our Clients Say
    • GIPS 101
    • What is GIPS Verification?
    • GIPS Support/Pre-Verification
    • GIPS Verification Services
    • Non-GIPS Verification
    • GIPS For Asset Owners
    • Can OCIOs Be GIPS Compliant
  • Services
    • Consulting
      • Technology Consulting
      • Operations Review
    • Training
      • Fundamentals of Investment Performance Measurement
      • Performance Measurement Attribution
      • GIPS Workshop
      • In-House/Custom Training
      • Portfolio Risk Class
      • Performance Measurement for the Non-Performance Professional
      • PERFORMANCE MEASUREMENT FOR ASSET OWNERS AND CONSULTANTS
    • Software Certification
    • Vendor Support
      • Marketing Support
      • System Consulting
    • Publishing
    • Research
  • Products
    • The Journal
      • Media Kit
      • Article Submissions
      • Past Articles of The Journal of Performance Measurement
      • Dietz Award Winners
  • Conferences and Forums
    • Conferences
      • Virtual PMAR Web-Conference
      • PMAR North America
      • PMAR Europe
      • PMAR West
      • Performance Jeopardy Champions
      • Web Conferences
    • Performance Measurement Forum
    • Asset Owner Roundtable
  • Investment Performance Guy Blog
    • CIPM Tips & Tricks
    • Resource Center
  • About Us
    • TSG In The News
    • The Company
    • Awards and Recognition
    • Our Story
    • Careers
  • Contact
Search the site...
Home» PERFORMANCE MEASUREMENT FOR ASSET OWNERS AND CONSULTANTS

PERFORMANCE MEASUREMENT FOR ASSET OWNERS AND CONSULTANTS

Asset Owners and investment consultants hold critical roles in the world of investing.  And while their needs for performance measurement overlap quite a bit with what an investment manager needs, there are some unique characteristics that warrant them having their own class, devoted to provide the education they need to best understand this important field.  Our one-day class borrows from our Fundamentals, but with a twist: it’s taught for the perspective of this audience.  There are no prerequisites for this class.

Students receive a binder with all of the PowerPoint slides and a copy of the GIPS standards.

COURSE OBJECTIVES:

Rates of Return
•    Gain an understanding of the different approaches (exact vs. approximate; time vs. money-weighted)
•    Discover why plan sponsors should see performance reported from multiple perspectives

Benchmarks
•    Understand the basic approaches, and why plan sponsors need to be sensitive to reporting that is sensitive to their unique requirements

Risk Measurement
•    Learn the major approaches to risk and risk-adjusted performance
•    Discover why plan sponsors need an additional approach that takes their decisions into consideration

Attribution
•    Develop an understanding of the basic approaches
•    Discover why plan sponsors need an additional approach that takes their decisions into consideration

GIPS
•    Develop a fundamental understanding of its concepts and appreciation for its role
•    Discover why claiming compliance and being compliant can be two different things, and what verification really does
•    Learn of the expanded role of the Standards into the plan sponsor’s arena

AGENDA:

RATES OF RETURN
•    Why percentages are used
•    The role of returns to judge performance
•    The role of cash flows
•    Time-weighted returns: why and how it’s done
•    Money-weighted returns: their role in reporting and why they have more value than time-weighting for plan sponsors
•    When the numbers don’t make sense (and why they do!)
•    Where the numbers come from (external managers, in-house systems, custodians, consultants), and what to do with them

BENCHMARKS
•    A review of the four major classifications of benchmarks: market indices, absolute, peer groups, and custom
•    The criteria that is often used to judge benchmarks
•    What benchmarks should a plan sponsor use?

RISK MEASUREMENT
•    Risk measures versus risk-adjusted measures
•    A review of the major measures and what they offer/how they compare
•    Risk management:  how best to manage risk when you don’t control the investment

ATTRIBUTION
•    Absolute versus relative attribution
•    The Brinson models: how they differ
•    The interaction effect: why it’s loved, why it’s hated
•    Why fixed income attribution needs its own models
•    Geometric vs. Arithmetic
•    How plan sponsors should measure attribution

GIPS
•    What GIPS is, what its role is, and why it’s so important
•    Firm definition
•    Composites: what they are and why they’re important
•    What discretion means
•    How we calculate returns
•    What firms must give to prospects
•    What verification is
•    What performance examinations are
•    Why GIPS should be a requirement for external managers
•    Should plan sponsors comply?

Privacy Policy   Terms and Conditions
Copyright 2018-2019. The Spaulding Group.
  • Terms of Use
  • Privacy Policy
  • About Us
  • Contact Us
CFA Institute does not endorse, promote or warrant the accuracy or quality of The Spaulding Group, Inc. GIPS® is a registered trademark owned by CFA Institute.
 
This site uses functional cookies and external scripts to improve your experience. If you continue to browse the site, it indicates you accept our use of cookies.Accept Privacy Policy
Privacy Policy
Necessary
Always Enabled