by admin | Dec 15, 2009 | attribution, GIPS, Global Investment Performance Standards, Returns, risk
One question that occasionally surfaces is how big a performance department should be. There is no simple answer and it’s difficult to decide by simply doing a comparison with other firms. Some key points: all firms are different. Okay, maybe a bit of hyperbole,...
by admin | Dec 14, 2009 | risk, value at risk
I subscribe to a few Google Alerts, so that I’m aware when interesting stories are posted. One is for Value at Risk, and yesterday there was a link to a book by Philippe Jorion with the headline as noted above. “The new benchmark for managing financial...
by admin | Dec 14, 2009 | Investment Performance Guy, News
With the U.S. Congress’s plans to tinker with our current financial structure, including a weakening, or at least shifting, of the Federal Reserve’s powers, one might expect someone to utter such a line as is shown above. Actually, this was spoken by...
by admin | Dec 12, 2009 | risk
As I recently mentioned, occasionally I go exploring to look at other blogs. And I came across Steve Hsu’s blog. And although Steve is a physics professor at the University of Oregon, he feels comfortable to opine on the investment industry. (Recall that Jose...
by admin | Dec 11, 2009 | GIPS, Global Investment Performance Standards, Returns
Here, I’m addressing cash flows from a return calculation perspective. First, recall that in two weeks we’ll have a requirement for GIPS(R) compliant firms to revalue portfolios for large cash flows, where the firm decides what “large”...