by David Spaulding | May 2, 2017 | automobile university, Investment Performance Guy
There’s an automobile university near you that’s taking new students! I posted about this idea nearly four years ago, and thought it worthy to do so again. Have you thought about enrolling in automobile university? What do I mean by that? Simply,...
by David Spaulding | Apr 12, 2017 | pooled funds, GIPS, Global Investment Performance Standards, Investment Performance Guy, mutual funds
In September 2013, those of us who attended the annual GIPS(R) conference were provided with some rather scary news: that managers with pooled funds (e.g., mutual funds) would be required to provide all prospective fund shareholders with the composite presentation...
by David Spaulding | Apr 5, 2017 | gap in performance, Investment Performance Guy, performance measurement, performance reporting, rate of return, rate of return calculations, rates of return
Return gaps can often occur. And so, there are times when we might want to be able to “cross” them: that is, to extend performance across this gap, so that we have a continuous return. However, there are times when the manager may not want to cross it, but...
by David Spaulding | Mar 17, 2017 | advisory fee, GIPS, gross of fees, Investment Performance Guy, net of fees, net-of-fees return, performance measurement
Perhaps the problem I’ll touch on is such that firms will avoid reporting gross- and net-of-fee returns. Hopefully not. A new GIPS(R) (Global Investment Performance Standards) verification client reached out with a problem. One of their clients subtracted their...
by David Spaulding | Mar 15, 2017 | GIPS, GIPS verification, Global Investment Performance Standards, Investment Performance Guy
Chances are that if you claim compliance with the Global Investment Performance Standards (GIPS(R), your GIPS presentations are running out of room. But many GIPS compliant firms like to limit their composite presentations to one or two pages. Over the years, new...
