by admin | Jan 31, 2012 | Investment Performance Guy, News
Excuse me for once again commenting on the subject of trust, but I just learned that Claremont Mckenna College, a prestigious California institution, has admitted to inflating SAT scores to improve it’s ranking. There seems to be almost an epidemic in such...
by admin | Jan 30, 2012 | GIPS, Global Investment Performance Standards, Standard Deviation
I participated in a panel discussion last week for the New York Society of Security Analysts (NYSSA). Questions arose regarding the use of standard deviation with GIPS(R) (Global Investment Performance Standards). I used my standard graphic, which distinguishes...
by admin | Jan 27, 2012 | GIPS, Global Investment Performance Standards
We, that is, TSG, are (or should it be, is?) wrestling with a situation where a client may not be consistent in their pre-2011 adoption of “stub periods” for their GIPS(R) (Global Investment Performance Standards) composites (recall that until 1 January...
by admin | Jan 25, 2012 | GIPS, Global Investment Performance Standards, risk, Sharpe ratio, Standard Deviation
The Global Investment Performance Standards (GIPS(R)) now require compliant firms to include the 3-year, annualized standard deviation for the composite and its benchmark. And while this was a somewhat controversial move, it’s here, so we live with it. But, why...
by admin | Jan 24, 2012 | Investment Performance Guy, News
It wasn’t long after I joined the Field Artillery that I learned that one did not say “repeat” over the radio, especially when speaking to anyone in an artillery battery, as this expression means to “fire again.” Instead, one would...