Day 2: Performance and Period-End Processes Performance Reporting and Monthly/Quarterly Operations.

Learn the concepts of performance measurement and best practices for period-end processing including interval computations, report production and billing.

Target Audience

This class is best suited for:

• Anyone managing the design and content of client performance reports.
• Those responsible for operations tasks related to calculating interval returns.
• Staff involved in producing monthly / quarterly performance reports and invoices.

It would be especially helpful to have a good understanding of the content covered in the Day One curriculum.

2008 Class Summary

This class begins with a thorough discussion of the two performance calculations in PortfolioCenter: Internal Rate of Return (IRR) and Time Weighted Rate of Return (TWR). Understanding the concepts of performance measurement provides the foundation for period-end reporting.

The remainder of the class is built around a detailed checklist of tasks related to the month-end and quarter-end processes. Included in this discussion are:

• Final Data Reconciliation
• Calculation of Batch Intervals
• Batch Printing Reports
• Billing and Invoice Production

Best practices related to these period-end processes will be covered in detail.

Important: This course is taught using PortfolioCenter, but it is also appropriate for those still using Centerpiece.

Updates for 2008

The curriculum will basically stay the same. The biggest change is that the CE and CPE credits are NOT offered in 2008. Revisions to the class content focuses on using new features and functionality available in PortfolioCenter 4.4.

2008 Class Outline

1. IRR vs. TWR
   • Calculations
   • Appropriate Uses
2. Computing Interval Returns
   • Batch Computations (for Portfolios and Asset Classes)
   • Troubleshooting and Recalculating intervals
3. Excluding Assets from Performance
   • How to exclude assets from performance
   • Displaying excluded assets on reports
4. Index Data
   • Entering and Updating Index Data
   • Creating Target (Blended) Indexes
5. Producing Performance Reports
   • Review of Basic Performance Reports (Including Asset Class Performance)
   • Customizing Reports Using Report Settings
   • Batch Printing Performance Reports
6. Troubleshooting Performance Returns
   • Online resources
   • Common interval calculation messages
7. Introduction to Billing
   • Billing Specs and Forms
   • Setting Up Common Billing Scenarios
   • Group billing presentations
8. The Billing Process
   • Globally Updating Billing Specs and Billing History
   • Batch Printing Invoices
   • Upldoading Fees
   • Using the Transaction Writer to create Manangement Fee transactions.