by admin | Apr 28, 2011 | carve-outs, CIPM, CIPM expert, CIPM Principles, GIPS
A CIPM Principles Level candidate emailed the following question to me:I was wondering if you could answer this question for me:For Session 8 Q&A 7 Composite definition, how can carve-outs, included in composites prior to January 1, 2010, without separately...
by admin | Apr 28, 2011 | GIPS, Global Investment Performance Standards, pension funds
It has occurred to me that the pension fund performance topic and compliance with GIPS(R) (Global Investment Performance Standards) “has legs.” In other words, “staying power.” It’s not going to go away any time soon.The most recent...
by admin | Apr 28, 2011 | call options, CIPM, CIPM expert
There are several ways that options differ from futures contracts. One of those ways in which they differ is that options are securities that must be acquired in exchange for physical cash. By contrast, in acquiring a futures contract position, one does not need to...
by admin | Apr 28, 2011 | actual investment management fees, CIPM, CIPM Principles, GIPS, model investment management fees, net-of-fees return
A CIPM candidate emailed me a question today regarding one of the exercises found in the Principles Level, in the interactive portion of the curriculum materials. This question is found in Study Session VII and is question 10:Langerton Asset Management has complete...
by admin | Apr 27, 2011 | GIPS, Global Investment Performance Standards
I was contacted earlier this week by a client who was dealing with a situation where one of their clients had requested them to raise a sizable amount of cash, for the ultimate purpose of investing it into a new strategy, while keeping the balance of their portfolio...