by David Spaulding | Jun 28, 2017 | precision, GIPS, Global Investment Performance Standards, Investment Performance Guy, performance measurement, Returns, risk
How much precision do we need? I’m a rounder: I confess. I’m fine rounding numbers. When I was mayor of the Township of North Brunswick (NJ) (2000-2003), our finance officer would deliver reports to me with precision to the penny; I told him just to round,...
by David Spaulding | Jun 16, 2017 | time-weighting, geometric linking, internal rate of return, Investment Performance Guy, IRR, money-weighted return, money-weighting, time-weighted, time-weighted return
Sometimes, the labels don’t matter We just finished our European conference PMAR, an event that we felt was a huge success. And, as I often do, I made an attempt to interject a bit of humor. A favorite label of mine to pick on is “regular coffee,” as...
by David Spaulding | Jun 12, 2017 | mutual funds, bond rating, Investment Performance Guy, past performance, peer group, performance measurement, risk
When I learned of the recent Barron’s article touting the success of an Eaton Vance municipal bond fund, based on the ratings given by two mutual fund peer group providers, a thought immediately occurred to me: it sounded exactly like the problem that resulted...
by David Spaulding | Jun 8, 2017 | Investment Performance Guy
This is QUITE a different post for me, but after some recent reflection, decided it was appropriate. The idea of “promoting strong women” isn’t new for me. I’ve been doing this for quite some time. When I was mayor of North Brunswick, NJ...
by David Spaulding | Jun 6, 2017 | past performance, GIPS, Global Investment Performance Standards, Investment Performance Guy, SEC, Securities & Exchange Commission
First, in the spirit of full disclosure … The source for this post is one of our GIPS verification clients. They reached out today, alerting me of what they believed was misleading information as reported by Barron’s. After some discussion and a bit of...
