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Fundamentals of Performance Measurement
This course will provide all attendees with a core grounding in the tools and techniques used to calculate investment performance. Students will be taken through practical examples and given ample opportunity to form specific questions. The class is conducted over two full days. Students will walk away with a working knowledge of the concepts that define performance measurement.

2010 Training Calendar


LOCATION                            DATES                                                   VENUE

BOSTON, MA                            SEPTEMBER 27-28, 2010                  METRO MEETING CENTER


SAN FRANCISCO, CA               OCTOBER 19-20, 2010                                                  ~TBA~

 

CHICAGO, IL                             NOVEMBER 16-17, 2010                                                 ~TBA~

 

NEW BRUNSWICK, NJ               DECEMBER 7-8, 2010                                 THE HELDRICH


CLICK HERE TO PURCHASE TRAINING

 

AGENDA DAY 1


BACKGROUND

• What is performance measurement?

• A brief history of performance.


RATES OF RETURN

• Time-weighting vs. Money-weighting.

• Internal Rate of Return.

• ICAA Method.

• Mid-point and Modified Dietz.

• Unit Value Method.

• "True" Daily Returns.

• Geometric linking.

• Annualization.


BENCHMARKS

• Absolute, market indexes, peer groups, and PODs.

• Pros and cons.


RISK

• What is Risk?

• A review of the common measures, including standard deviation, Sharpe

Ratio, Treynor Ratio, Information Ratio, Tracking Error, and VAR.

• Risk monitoring and management


AGENDA DAY 2

ATTRIBUTION

• The Three Laws of Attribution.

• A review of the models Brinson Hood Beebower and Brinson-Fachler.

• Currency attribution.

• Arithmetic vs. Geometric.

• Multi-period Attribution.

• Fixed Income Attribution.


PERFORMANCE PRESENTATION STANDARDS

• Detailed review of the Global Investment Performance (GIPS®) Standards.

• Composite construction.

• Calculations.

• Discretion.

• Points of confusion.


THE PERFORMANCE MEASUREMENT PROFESSIONAL/ THE PERFORMANCE

MEASUREMENT ORGANIZATION

• Staff / Organization characteristics / trends


In addition to receiving a student guide that contains the details of the class presentation, each student receives supporting reference material to take back with them including:

 

  • A complimentary copy of The Handbook of Investment Performance by David Spaulding (TSG Publishing, 2005)
  • Performance Attribution and Risk Measurement Reference Guide, a handy pocket reference.
  • Copies of both the AIMR and Global presentation standards.
  • and because this is a hands on class, you'll receive a calculator too!

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Upon completion of this course you will earn
15 CPE Credits and/ or 12 PD Credits

The Spaulding Group, Inc. is registered with CFA Institute as an Approved Provider of continuing education programs. This program is eligible for 12 CE credit hours as granted by CFA Institute. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.

Course Content:
This two-day course builds upon David Spaulding's popular book Measuring Investment Performance, (out-of-print) published by McGraw-Hill. (Students receive a complimentary copy of David's most recent book: The Handbook of Investment Performance).