Readers of my blog at the former location may remember that I covered this subject in a previous post… somehow that post did not get converted to the new location of the blog on this website, so I am re-addressing the subject here. Thus, most of the content is from the post on the previous […]
Read More CIPM, CIPM Expert, CIPM Principles, CIPM Program, GIPS, internal rate of return, IRR, John D. Simpson, money-weighted return, rate of return, return calculations, SI-IRR, since-inception internal rate of return, The Spaulding Group, time-weighted return, TWROccasionally when I am doing GIPS verifications, I come across situations where a firm has a fixed-life, fixed-commitment investment vehicle that they want to present performance for in compliance with the GIPS standards. Because the firm controls the external cash flows (in the form of capital calls), they want to follow the private equity provisions […]
Read More CIPM, CIPM Expert, CIPM Principles, external cash flows, GIPS, internal rate of return, performance measurement, private equity, rate of return, real estate, SI-IRR, TWR