by admin | Feb 28, 2010 | Investment Performance Guy, News
Today’s Sunday (London) Times identifies two books which should probably be on your to-buy list: Harry Markopolos, who tried more than anyone to get the SEC to see what was really behind Bernard Madoff’s “success” has penned No One Would...
by admin | Feb 27, 2010 | risk
You may be familiar with the abbreviation, WWJD (What Would Jesus Do?). On a recent episode of NCIS (another abbreviation…this must be abbreviation day! NCIS is a TV show: Naval Criminal Investigation Services) someone used WWGD, which I thought might mean...
by admin | Feb 26, 2010 | GIPS, Global Investment Performance Standards, IRR
In my response to the Global Investment Performance Standards (GIPS(R)) 2010 edition disclosure draft, I suggested that guidance be provided for fund-of-fund (FOF) managers. The standards clearly apply to such managers, but there weren’t any details offered. The...
by admin | Feb 25, 2010 | Madoff
I’m pleased to see how others behind Madoff’s Ponzi scheme are being identified and charged: the most recent being Daniel Bonventre, Madoff’s operations director. I must confess (sorry for the pun) that I think it’s odd that it took so long to...
by admin | Feb 25, 2010 | value at risk
What’s the old saying? There are lies, damn lies, and statistics. “Value at Risk works” is arguably, from a statistical point of view, an accurate statement. But as with many statistics, we need to understand what’s truly at work. If you are...
