Carl Bacon

Chief Advisor, Confluence & Chairman of the GIPS Executive Committee

Recent Posts

Understanding the 2020 GIPS® Standards

By Carl Bacon | Aug 11, 2020 | GIPS

Global investment management firms have had long-standing challenges in complying with the patchwork of laws, regulations and market customs in the places where they do business. The problem is that across...

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GIPSⓇ 20/20: The Vision and Evolution of the Standards

By Carl Bacon | Mar 06, 2017 | GIPS, Performance Measurement

Global Investment Performance Standards (GIPS®) are ever-evolving to keep up with the fast-changing investment industry.

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Timing of intra-day cash flows

The Global Investment Performance Standards (GIPS) quite correctly point out that valuing the portfolio and calculating interim returns each time there is an external cash flow is the most accurate method...

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Why stock-level attribution by Carl Bacon CIPM

Stock- or security-level attribution is clearly required for “bottom-up” portfolio managers that are taking investment decisions at an individual security level. 

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Evaluating Performance Attributions and New Models to Measure Risk

Carl R. Bacon, CIPM, a performance measurement specialist, discusses the evolution of performance attribution, the latest developments in performance measurement, and the issue of ex post risk.

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Time To Get The Cost/Benefit Balance Right For GIPS Compliance

By Carl Bacon | Oct 17, 2011 | GIPS

StatPro recently joined Australia’s Financial Services Council, the peer organization that represents Australia’s retail and wholesale funds management businesses, superannuation funds, life insurers and...

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When the Going Gets Tough, the Tough Get Attribution

At our annual company away day earlier this summer, we engaged in heady discussions about StatPro Seven, our flagship middle office analytics solution, and StatPro Revolution, our new cloud-based platform...

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Why should you bother with GIPS compliance?

By Carl Bacon | Apr 07, 2011 | GIPS, middle office

Industry Training Best Practices

Your firm’s performance and credibility are critical to maintaining clients and attracting new ones.

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Performance Fees - Good or Bad?

By Carl Bacon | Dec 20, 2010 | Performance Measurement

After a brief lull during the credit crisis performance (or incentive) fees are again becoming increasingly high profile.

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The Future Landscape of Performance Attribution

It is now 20 years since the publication in the Financial Analysts Journal of the "Determinants of portfolio performance" by Brinson, Hood and Beebower, and together with "Measuring non-US equity portfolio...

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