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- 2011-7-2
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- 2014-6-29
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gips questions and hypotheticals
a few last minute questions -
1) does GIPS have a requirement on how often data must be reported (not returns measurement frequency, but data reporting) or is that reserved for code and standards? more specifically, you have ot measure returns monthly or on a large cash flow date; do you have have to make a monthly disclosure of your monthly returns as well? if not, what's the frequency required?
2) for normal, real estate, and private equity: are gross, net, or both required (not recommended)?
3) can you use a different dispersion method for our composite and for your own returns? it says you can choose your own dispersion method; if it's different from stdev you have to explain it. but then it says 3yr stdev for composites must be included
4) the monthly beginning of period portfolio value - how do you calculate it - beginning portfolio value, modified dietz, or beginning portfolio value with cash flow weights?
5) are > 5 portfolios required to show a dispersion rate for private equity, but not for normal or real estate?
6) for a fund of hedge funds lets say, where are the fees paid to the hedge funds they're investing in taken out of - gross or net?
7) what is an example of an SME SIRR? like if the benchmark for a private equity fund were the S&P 500?
8) what is the nature of fund of fund subfund performance disclosure. ie if fund of hedge funds invests in HF A, B, C, D, and E - how and what is the required disclosure of the subfunds? are these considered subadvisors? |
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发表于 2011-7-13 16:30
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