By Michael Beck, CIPM, CFP, vice president at Glenmede The Global Investment Performance Standards (GIPS®) have been in existence since 1999 and were revised in both 2005 and 2010. They are used to promote ethics and integrity in the financial services marketplace by having voluntary compliance by asset managers. There are currently 41 country sponsors
Back-Office
Why Optimal Performance Attribution Technology Matters
By Jacopo Trombetta, client reporting & performance specialist at Impax Asset Management. In a competitive market environment, retaining and growing client relationships is critical and it requires clear and transparent attribution analysis to help clients fully understand a portfolio’s return. This is one of the reasons why performance attribution has become an increasingly valuable instrument, not only
Performance Measurement
The Case for Fair and Transparent Performance Fee Calculations
By Steinar Eikeland, chief investment officer at Industrifinans Kapitalforvaltning, an asset management firm based in Oslo, Norway. Overall, investment management clients and regulators are demanding more transparency and standardization across the industry, and this includes the calculation of performance fees. Financial Technologies Forum is again facilitating a meeting place for the industry to discuss this dynamic development in
Compliance
GIPS: To Port or not to Port – that is the Question?
By Ambika D’Souza, VP, Global Head of GIPS, State Street Global Advisors Introduction The investment management industry has seen its fair share of mergers and acquisitions (M&A) and team lift-out activities over the years. During this process the aspect of the portability of investment track records is sometimes overlooked. Global Investment Performance Standards (GIPS[1]) “Portability”
Hedge Funds
Report Timing with Hedge Funds
By Michael Beck, CIPM, CFP (R), Vice President, Glenmede Trust Company. One of the main issues when adding hedge funds to a portfolio is the timing of reports. Hedge funds and other non-liquid alternatives tend not to be priced quickly after the month end. This can lead to an issue in reporting performance to the
Guest Blog
Time for Asset Managers to Modernize Performance Measurement Systems
Guest Contributor: Bob Leaper, Head of Business Development, North America, DST Global Solutions Research from CEB TowerGroup cites that almost half, 45%, of asset managers say they will adapt or replace their performance measurement system by 2018[1]. The same research cited that 4 out of 10 performance measurement systems leveraged by buy-side institutions date back
Buy-Side
“What Is” GIPS?
The Global Investment Performance Standards (GIPS) is a set of voluntary, ethical principles that govern the reporting, valuation, advertising and disclosure issues of the funds overseen by investment management firms. The GIPS benchmarks are primarily used when investment managers present the results of their financial performance to clients or prospective clients. GIPS compliance provides prospective
Conference and Event Planning
Performance Measurement Wrap-Up
For all those who attended and participated in FTF’s 4th Annual Performance Measurement Conference yesterday in NYC, we would like to thank you for making it such a great and informative event yet again! Special thanks go out to all the knowledgeable speakers and the event sponsors who included, SS&C Technologies, BI-SAM, DST Global Solutions
Operational Risk
Inside an Investor’s Portfolio: How Much Do They Know?
Risk management has become extremely important in the past year or two. The risk management teams at many firms have begun to reassess their roles and the way they manage risk in order to prevent past mistakes from being repeated. However, shouldn’t others also know and understand the impact that risk has on a portfolio?
Back-Office
Financial Technologies Forum: The Year Ahead
Well, I have to admit, as much as I love the Holidays and our company-wide break between 2011Christmas and New Year’s (I know, aren’t I a good boss?), it’s good to be back at work and back to a routine. There are lots of exciting things in store for FTF this year and the team
