by admin | Dec 19, 2011 | Investment Performance Guy, News
We are very excited about a new service TSG announced last week: “Software Certification.” While the type of work isn’t new for us, as we’ve reviewed many firms’ performance systems for close to 20 years, the formalizing of it is. We...
by admin | Dec 16, 2011 | GIPS, Global Investment Performance Standards, gross of fees, net of fees
Okay, so yesterday we touched on the calculations for gross- and net-of-fee returns. But who should get what?Prospective clients should get gross-of-fee returns, unless the net-of-fee returns are net of the same fee. The problem with most net-of-fee returns is that...
by admin | Dec 15, 2011 | gross of fees, net of fees
There has been a bit of a debate on one of the Linkedin groups lately, regarding the proper way to derive net-of-fee returns, when the fees come out of the corpus of the account. I happen to like this topic, and wrote an article on it for the CFA Institute some time...
by TSG | Dec 15, 2011 | GIPS, Performance Perspectives Newsletter
VOLUME 9 – ISSUE 4 December 2011 Download PDF...
by admin | Dec 14, 2011 | attribution
I am working on a research project, where I am creating a variety of portfolios to compare the implementation of transaction-based attribution versus holdings-based. I began this study more than a year ago with my first test portfolio, and am now putting several more...
