Malaria is the one of major diseases which threatens people’s life in Africa. Out of humanitarianism, Chinese scientists has contributed to research of Artemisinin and ACTS more than 30 years, China provides long-term antimalaria assistance to Africa and gain great achievements. In Moheli, the island of Comoros, the antimalaria group used a new strategy which universal medication and proactive intervention. They established not only an effective antimalaria system and reporting system but also a local antimalaria team. Furthermore, they enhanced publicity and put mass protection and treatment into effect. Finally, they achieved significant result. In order to apply those successful experience to other countries in Africa, this paper summed up those experience and inspirations.
Thank you Professor Kaneko and thank you for the opportunity to introduce our project in Comoros. I am the represent of Professor Song to introduce the mass drug administration of artemisinin-piperaquine in high malaria endemic area in Africa, Comoros.
p001You know some information about malaria transmission but I just remind the malaria is serious in Africa, this is according to the World Malaria Report 2012 [ 1]. We can know the information that 211 million malaria reported cases in the hospital and also the death cases are more than 616,000, but in fact because I was there in Africa a long time, in fact, more than 1 million death cases because all these cases are from the hospital report and the recent cases in the village and they are having the report ( Fig. 1).
p002As we know, the drug resistance is widely spread in the world. Even yesterday we had some information that even artemisinin drugs will have some drug resistance and how can we affect the anti-malaria drugs to treatment of malaria. We know that quinine was already used around 200 years. Artemisinin, we just used 30 years and how can we protect artemisinin. How can we use less effect anti-malaria drugs to control malaria? We think about—that’s why we use ACT to do MDA ( Fig. 2).
p003We considered about because now we have many kind of ACT, we use it. But, what kind of ACT we used with relate to MDA. We think about first we some advantage of these drugs. First, these drugs should give quick action, because in Africa in severe cases, short time maybe 24 hours, maybe some days, some cases will die. So this kind of ACT should be quick action and also it should have efficacy.
p004If we want to organize MDA, safety is the first point we think about. ACT we select must have low toxicity. For African areas because for the population, they are so poor, even one family they cannot support to buy ACT, because ACT is little bit expensive for them. For example for coartem, they have 24 tablets and continue to use 3 days, 6 times, so maybe one family may be divided to use coartem. Just they use four tablets for themselves and also four tablets for their children. They cannot finish the whole dose of ACT. So that’s why we are thinking about to select one simple ACT for them to use it and learn. They can confirm high prevalence and also in the environment of Africa because it is little bit different with Asia or even in Europe.
p005For the medicine stocking, even issue of single block is good stability for ACTs. That’s why we select this kind of ACT. This is only four tablets and 24 hours can finish the course of the treatment. Also, for the malaria transmission, how can we think about block transmission, how can we effect the gametocytes. Also, because this ACT contains artemisinin and we can know some information that artemisinin can affect gametocytes, so that can block transmission.
p006Here, I will just review the malaria control history in China. Before in 1975 China, there were many malaria cases, there were millions of cases per year. But, after 1975s, because Chinese government also focused on malaria control project and also artemisinin has been already invented at that time, already three kinds of methods for malaria-controlled project. First is mass drug administration and the second method is positive treatment. In China, we have many cases with P. vivax. Right now, in small areas, they have P. vivax relapse and until now every year Chinese government they are continuing to organize some small projects as anti-malaria, anti-relapse treatment ( Fig. 3) [ 2].
p007We can get some data from 2011. Maybe someone will ask why there was less cases in 2000, because at that time the Chinese CDC they haven’t build the report system, so at that time they could not get some information. But, after that we have the report system and we can know the malaria cases decreased around 2002 more than 13,000 cases per year and last year even 2011, they just had 3000 cases and most of the cases are from Africa and some cases are P. vivax ( Fig. 4) [ 1].
p008For the artemisinin research for the Chinese scientists, how can they find these drugs and some books, just special to introduce history about this artemisinin research and later according to the complicated history reasons at that time because of the Vietnam War 1960s and at that time the relationship between China and Vietnam is good relationship and that’s why the leadership of Chairman Mao and Premier Zhou just organized a special team to find out some anti-malarial drugs and they organized more than 200 scientists and this team just looked for drugs from the herbal medicine and the herbal medicine is more than 3000 of herbal medicine, they go to look for it and go to find which kind of drugs can effect malaria. Why they select—they can find artemisinin because even 1060 years ago there is one book the Chinese had Zhou Hou Bei Ji Fang and it had one sentence in the record that artemisinin annua is herbal medicine that is qinghaosu and can treat malaria fever ( Fig. 5).
p009One scientist, she collected this information and learned. She went to do some test and checked artemisinin annua and after that artemisinin founded from artemisinin annua. This artemisinin also has some characteristics ( Fig. 6).
p010First is rapid effect to the lifecycle of the parasite even the ringform and gametocyte. All the parasite cycles artemisinin can effect and there is more effect than the others, anti-malaria drugs now we have many kinds of ACTs. For artemisinin has better stability than the other drugs and right now maybe some place because like in Thai and Cambodia border, maybe, there is some evidence that artemisinin has little bit drug resistance but we are not sure is it or not ( Fig. 7).
p011This is model of malaria elimination project we conducted in Comoros by MDA. I think we know the transmission of the malaria. There are two reservoirs. First is mosquitoes and human. How can we block transmission, how can we eliminate the source? ( Fig. 8)
p012Because if we wanted to kill the parasite in the mosquito, I think it is a little bit difficult for us. Even in Europe and America now, I think we will have many kinds of mosquitoes. How can we eliminate the parasite, because it is easier to kill the parasite in the human body? So that’s why we think because also the lifetime of the mosquito is around 13 days and we can think about least period of the lifetime of mosquito, we can think about organizing MDA [ 4]. So that’s why we conduct three rounds of MDA with artemisinin-piperaquine in Cambodia and also in Comoros, Africa, and learn from the result that effect the parasite. So that’s why block transmission from the human body to mosquito and then can block this transmission. This is just a model of elimination of malaria ( Fig. 9) [ 3].
p013From 2004, we conduct MDA project in Cambodia, two pilots, and the population is around 4000 and we can know the results beyond 3 years and further parasite carriage rate is 56% and decreased by just around 1% [ 3– 5]. But, after that, because all this work is done by our university, but after that the local government they took responsibility for this project, so after 2006, we haven’t collected some more information. So, maybe, at this time, they have some recruiters. We can compare after the project in Comoros ( Fig. 10).
p014Where is Comoros? Comoros is a small country. I think it is one of the smallest countries in the world. Even you cannot get it from the map. It is located in the Indian Ocean and is located between Kenya and Madagascar. They have four islands in this country. In this island, Mayotte is controlled by France and the Comoros government just controls three islands. This is the smallest island. Their population is around 14,000 and we conducted the MDA project in this island in 2007 [ 6, 7]. This is the second island. The population is around 320,000 and it is around 320 square kilometers.
p015Also, we launched the MDA project last year and we can know we have got some information that these two islands, Moheli Island just have two or three cases per month [ 6]. This second island, Anjouan Island, we just have five to six positive cases per month. I think these two islands are already under control of malaria. This year we launched the MDA project in this biggest island. The population is around 315,000. In this island, we now have one Chinese team and also the local team, they cooperate to carry out this project. This island they have some little bit difference with the other island. That’s why we spend more time to carry out the MDA project in this island.
p016How about the malaria situation in Comoros? We will have some information. First is epidemic with high prevalence around the year because 33% cases of all the patients have malaria and most of the inpatient is malaria. From the data, this data is from 2007, but last year we have data, average annual cases is around 100,000 cases in the last year. But this data is 2007. Malaria is the first cause of morbidity and mortality in this country and 28% of under 5 years mortality in host-feeder is caused by malaria. But we have good opportunity for this country to control malaria because 96% malaria is Plasmodium falciparum. That is the reason it is more easy to control with the other countries. There is low P. vivax in this country. Also, malaria is major public health problem. That’s why malaria problem is the large contributor of this country for social and economic development, so that’s why the President of Comoros many times he asked the Chinese government to give support and advised our university to do MDA to select this country to MDA. Also, the Chinese government requested the university to take responsibility in this malaria control project in this country ( Fig. 11).
p017Let’s show the result of the Moheli’s island because the other island we are just collecting the data and after that also we can share the information. This Moheli’s Island just as I told you that’s just around 40,000 population and in this island [ 6, 7]. Before MDA, we have done two types of surveys in this island and only data is the prevalence is parasite carriage rate and we can know exactly all the village in this island is 24 villages and we have already covered all the survey in each village and we can know the result. Mostly parasite carriage rate in some village is severe and the average of the prevalence is around 23%, most of it is Plasmodium falciparum ( Fig. 12).
p018When we conducted MDA, how can we do it? Because we should make training of the local team. Because for the Chinese team we just have few persons to go to stay in the area and do some technical support and most of the work is according to the local team to do it. So how can we select local team and how can we train them? We have just few pictures to show. All of this people they have low education. Even they don’t know how to speak English but Comoros is French-speaking country and also most of them they don’t speak French. Before that they don’t know how to use microscope, so we should organize this team to maintain the work, so that’s why we selected this team and we trained them to use microscope and training them to do the survey, to do the blood smear and after 3 months after training all of them they know how to do the survey and even they know to check blood smear, which is positive and which is negative. This local team, they continued to work and also the local government supported this team to continue and that’s why as a result Moheli maintained malaria ( Fig. 13).
p019This is the first day of MDA in the village this is some interesting story. This is the oldest man, their chief of the village and he was the first guy to take drug and you can look all the population is looking at him and after he took the drug the other population asked this oldest man, how about the taste? Is it bitter or sweet or sour and is it poison? So after 1 hour this guy took the drug, the other population they believed this drug is for health, is not poison. That’s why I speak about drugs because to organize MDA, it’s difficult to ask all the population to take the drugs at the same time, but we should organize very well. We should do the relation and mobilization before MDA, so that is why we spend lot of time to do this. Every day we go to the village to give them the information, why we organize MDA, what about the malaria situation in the island, how to protect the family. That is not easy. I just say MDA—but now we have some experience and we can know the result after 3 months of MDA. We can know the parasite carriage rate decreased by 97% and this is the rapid for malaria control project ( Fig. 14) [ 6].
p020Further parasite carriage rate also we can compare before MDA and after MDA. This is 23% and after MDA just around 1% and we continue to do survey and is maintained 1% right until now [ 6]. We also in the first year of this project we did some survey of the entomology survey and this is for human checked and we can compare with country island. Entomologist result just changed by the natural change by the seasons and the country island we can know after MDA just after some months is 0%. This is the result of the positive cases in the hospital country island and study island and we can know exactly for the country island for the positive cases just natural change and for the study island just have some few cases in the month ( Fig. 15).
p021For the progress, also this is summary of this MDA project because also I introduced the progress of this project in Comoros and also I think someone will ask is it possible to eliminate malaria in Comoro. For myself the answer is yes, but I don’t know when. We know how to eliminate but we don’t know when we can eliminate malaria in this country, because most of the work should be done by the local government and also we needed international cooperation and also make sure they integrate methods to eliminate malaria. Thank you ( Fig. 16).
p022Now, we have controversial issue that is mass drug administration for malaria elimination. We have exciting guests from Guangzhou University of Chinese medicine, Professor Song and Dr. Deng. Almost 40 years ago, their group led by Professor Lee successfully developed artemisinin from Chinese traditional medicine qinghaosu.
p023 Akira Kaneko Now open for discussion and comments. Yes please.
p024 Male Participant Thanks for the talk. It is incredible to see the reduction and very, very optimistic and promising results. It’s beautiful, well done. I suppose it is the obvious question and probably everybody is thinking about and that is the Comoros islands there. Even if you do manage to eliminate malaria if you don’t eliminate the Anopheles mosquitoes you have still got the potential for malaria to come back and the big worry of course is that you change the situation from one of stable endemic malaria to one of epidemic malaria and you sandwich between Madagascar and between Kenya where there are high rates of malaria and there is presumably transfer of people, you’re going to have to monitor forever, presumably cases of malaria coming in because it will be extremely dangerous if in 10 years or 50 years’ time when all the immunity in the local is gone. If an epidemic of malaria occurred in this region, it could be, well, you know, disastrous. So, the long-term commitment to the island has to be extremely long-term forever or until that beautiful day when malaria itself is eliminated from Africa. So what plans do you have to stay in Comoros and monitor after the elimination has been achieved. I think that’s my main question.
p025 Deng Changsheng Thank you for your comment and the question. Just now also I speak we can achieve elimination of malaria in Comoros and also we think about how can we maintain after MDA and so that’s why we request, also we cooperate with the local government. They should have responsibility to maintenance and they should build the system, the health system to maintain this result and also how can we prevent the transmission from the other island and from the other countries. We have already built one station in the airport and also in the port and they will have some local team to continue to do this work and also we think about cooperation with other integrate project for example the [Unclear] DDT in the island. We do not think about it in a single way to eliminate malaria by MDA. We think about the other integrate methods, strategy for elimination of malaria.
p026 Akira Kaneko Any other comments? Yes please.
p027 Male Participant Thank you very much for your nice presentation. My question is related to the Richard’s [ph] question. You have 1% prevalence in malaria after the MDA so that means 400 people still have parasite, right?
p028 Deng Changsheng From the data of the hospital we just found…
p030 Male Participant From the hospital, okay.
p031 Deng Changsheng Yes, in the hospital cases.
p032 Male Participant In that case, the 1% prevalence is continued now, but after maybe for several years if the prevalence increases, that means probably the resistance parasite produce it after MDA. In that case, the situation maybe serious so what is your idea about this?
p033 Deng Changsheng Yes, maybe, some small area maybe recruiters in some time but that’s why we have the supervised team, supervised system to avoid this to happen and also every village we have one local team to supervise to follow up in the village. Every week they should report the cases to the Center of Malaria Control Program in the country and every week we can know the information exactly and if some cases if it is increased we can control it rapid. Is it clear?
p034 Male Participant Okay. [Unclear] countries follow their population structure of the parasite and compare it before and after MDA.
p035 Deng Changsheng Sorry?
p036 Male Participant Population structure of the parasite before and after MDA.
p037 Deng Changsheng I don’t understand very well.
p038 Akira Kaneko Parasite population before MDA and after MDA do you have a plan to compare?
p039 Male Participant To detect the recent parasite.
p040 Deng Changsheng For the parasite, most of it is Plasmodium falciparum in this island.
p041 Male Participant Okay.
p042 Akira Kaneko You can discuss later. I have one question. What is the inning of the malaria eradication game? How long does it take to globally eradicate malaria? Is it 50 years, 100 years, or 1000 years? Do you have any view? What is your view?
p043 Deng Changsheng Actually, I have no idea about it. Can I invite Professor Song’s comment?
p044 Jianping Song It is a very good question, maybe most of the people are concerned, the malaria elimination date. I hope it is tomorrow, but actually malaria can be eliminated, because Japan, America, malaria is free and in many European countries, no malaria. Why Africa and other malaria epidemic countries still have so severe malaria? I think we have very good drugs, artemisinin. In the anti-malarial history, only artemisinin has the efficacy to [Unclear]. So, it is opportunities for the human to eliminate malaria in the world. So we use the mass medication of artemisinin in Comoros and Cambodia. Already, more than 400,000 people freed with malaria. Actually, no people died and the malaria problem is keeping very, very low levels. But, if we want to do global malaria elimination, it is very complicated progress. We need to correct the policies, the [Unclear] and cooperation between the countries and the different people, more people enrolled in the project. But, I think Comoros motto will lead African countries to put elimination procedure in the world. Thank you.
p045 Akira Kaneko Thank you very much. We are going to end the session. So thank you very much for all speakers and also all audience for your cooperation. Arigatou gozaimasu.
Distribution of malaria
Candidate anti-malaria medicine for MDA
The experience of malaria control in China
Malaria cases reported in China (2000–2011)
Artemisinin rooted in Chinese medicine
Handbook of prescriptions for emergency treatments
Artemisinin
Model of eliminating parasites reservoir by MDA
Malaria control by MDA in Cambodia
Comoros
Parasite carriers
Blood survey in Moheli island
Local team
Children parasite carriage rate
Mosquitoes situation
Incidence rate of malaria


Contents of SQL views may be manipulated using database objects provided that some conditions are met. Unlike tables, views don't have primary keys but BaseTen still needs to be able to reference individual rows. If a view has a group of columns that can act as a primary key, the columns may be marked as a primary key with the assistant, after which the view may be enabled.
Views also lack foreign keys. Despite this entities that correspond to views may have relationships provided that a certain condition is met: the view needs to have the column or columns of an underlying table that form a foreign key, and the columns' names need to match. In this case, relationships will be created between the view and the target table as well as the view and all the views that are based on the target table and contain the columns the foreign key references to. This applies to the complete view hierarchy.
PostgreSQL allows INSERT and UPDATE queries to target views if rules have been created to handle them. In this case, the view contents may be modified also with BaseTen.


I live in Helsinki, Finland, and I really like computers and writing software. I also love to read, take photos, and tinker with this website!
{{- partial "hcard.html" . -}}great articles about how to improve your vim usage.
explains technologies such as tcp, non-blocking async io, cuncurrent databases, etc. in great detail and using Rust
a video series showing how SerenityOS gets built. Useful for learning about systems programming.


EBD - Easton Bible DIctionary
Dine
DINE
"DINE "(
Genesis 43:16
). It was the custom in Egypt to dine at noon. But it is probable that the Egyptians took their principal meal in the evening, as was the general custom in the East (
Luke 14:12
).
"DINE "(Genesis 43:16). It was the custom in Egypt to dine at noon. But it is probable that the Egyptians took their principal meal in the evening, as was the general custom in the East (Luke 14:12).


Main Class
Airbox – lightweight, airy jQuery lightbox Version 0.1.0 – https://github.com/AndyAkesson/airbox
Copyright 2013, Anders Akesson Massachusetts Institute of Technology Licensed. Use as you please.
Item Index
Methods
$(document).ready
()
Bind airbox on document.ready
abSetup
-
Configuration
-
The
Setup everything in the setup function. Access and override all methods using $.ab.methods.
Parameters:
-
Configuration
Configfor the setup.
-
The
Contentcontent coming into the function.
airbox
-
$content
-
config
Extension of jQuery with a standalone airbox method.
Parameters:
-
$content
ObjectContent coming in to the function.
-
config
ObjectConfigurations
close
-
event
Closes the lightbox. "this" contains $instance with the lightbox, and the config.
Parameters:
-
event
ObjectThe event triggered.
getContent
()
Prepares the content and converts it into a jQuery object.
open
-
event
Opens the lightbox. "this" contains $instance with the lightbox, and with the config.
Parameters:
-
event
ObjectThe event triggered
prototype.airbox
-
config
-
$content
Extension of jQuery with select.
Parameters:
-
config
ObjectConfigurations.
-
$content
ObjectContent coming in to function.
The default variables for ab.
-
Name
-
Context
-
Elements
-
Attribute
-
Triggers
-
Triggers
-
Reset
ab contains all deafults that the functionality requires; namespace, context, select, targetAttr, openTrigger, closeTrigger, resetCss.
Parameters:
-
Name
Namespaceof the events and css class prefix.
-
Context
Contextused to search for the lightbox content and triggers.
-
Elements
Selectthat trigger the lightbox.
-
Attribute
TargetAttrof the triggered element that contains the select to the content.
-
Triggers
OpenTriggerthe lightbox.
-
Triggers
CloseTriggerthe closing of the lightbox.
-
Reset
ResetCsscss.


{{session.time}} {{session.room}} room
Please connect to the internet to download the conference information.
Try again?


Mr. Eazi “Property” is my jam right now! www.youtube.com/watch
Mr. Eazi “Property” is my jam right now! www.youtube.com/watch
Trying to get my Micro.blog to GitHub mirror to work.
I just learned about accesskey
the other day and it blew my mind. Add keyboard shortcuts to your HTML like it’s nothing!
A thunderstorm in Berlin.
We’re looking for a new third co-host for our podcast @reactivepod. Unfortunately @rockbot was way to busy with her job at @slack to continue on a regular basis. Any ideas who might be a good fit?
Feeling the new Stefflon Don 🎧 itunes.apple.com/de/album/…
Gave a talk about How To Build JavaScript Apps today. In front of students who were mainly interested in backend development. Needless to say they were thrilled.
The Tig Notaro Netflix Special is really great. Something about her comedy is downright genius. It’s the way how she plays with the tension in the room.
Currently hanging at the FrankfurtJS meetup. Golo Roden and Mathias Wagler are really killing it with wolkenkit.
Sup!? This is me testing out micro.blog for realz.


Patriots Got Away With Obvious Missed Offsides Call on Opening Series That Held Eagles To FG (PIC)
by Darrelle LincolnSome teams seem to really catch all the breaks. Some more than others, like the Patriots…
That was the case during Sunday’s matchup between the Philadelphia Eagles and New England Patriots when the opening drive for the Eagles stalled out after left tackle Jason Peters was called for a false start.
Upon further review, it seems a Patriots player was lined up in the neutral zone, but refs missed it and Peters found himself getting caught instead.
That 2nd-and-3 turned into a 2nd-and-8 and the drive would eventually turn into a field goal.
Missed calls like that can switch the outcome of the game as the final score was 17-10 in favor of the Patriots.
The Pats defense should still be given credit for dominating the way they did.


About Me
A small back story of me, when I'm not studying potions at Hogwarts, I spend summers inbetween the DC universe and the shire. Just kidding! In case you couldn't tell, I'm kind of a nerd. I wanted to add a Sailor Moon reference but I couldn't think of a good segway. In all honesty, I work part-time at Disney in the costuming department in head repair, which sounds impressive its really just ALOT of glue. I was to be a part-time student until I graduated in 2017 at Valencia.


Server_App_Socket.js Class
The Socket.js is used for real-time communication with the client, including the following functionality:
- authorization to store the user's session into the session store
- separation of sockets with rooms (namespaces)
- listens to the events: sendCorkboardMessage, sendFriendRequest, acceptFriendRequest, declineFriendRequest and sendChatMessage
Item Index
Methods
acceptFriendRequest
(
-
data
Accepts a friend request from a given user.
Parameters:
-
data
Object
declineFriendRequest
(
-
data
Declines a friend request from a given user.
Parameters:
-
data
Object
sendChatMessage
(
-
data
When a user emits a chat-message, extend the message object with userId and time. After saving the extended message object in an array, emit the message object to all clients
Parameters:
-
data
Object
sendCorkboardMessage
(
-
data
When a client emits a corkboard message, query the user's profile, to whom the message will be send (session.last_visited_profileId). Create a message object, save it to that user and emit the message object to all clients viewing this profile.
Parameters:
-
data
Object
sendFriendRequest
()
Sends a friend request to the user whom the request is related to.


About Me
Kellen Schmidt
I am a strong technical software developer with a passion for learning and an innate curiosity with technology. Intrigued by problem solving and working to find solutions to difficult questions, I am always actively seeking new ways to grow and be challenged. I am committed to producing innovative solutions to problems and am willing and excited to learn new technologies. I am a self-motivated learner as is evident by my multitude of awesome personal projects which this website serves to showcase.
Education
Southern Methodist University
Bobby B. Lyle School of Engineering
Major: Computer Science
Dallas, TX
Grad Date: May 2019
GPA: 3.92
Projects
Take long URLs and compress them into short links which are easy to share, tweet, email! Created entirely from scratch in both an Angular 2 version and a PHP version.
GeoDeals Web App
A web application enabling people to share the great deals they find in their daily lives with their local community and share their opinion on deals in their area for everyone's mutual benefit.
GroceryQuest Web App
A web application to create and organize grocery lists then sort items by their location in the store to optimize the shopping experience.
Wikibooks Seach Engine
A search engine for Wikibooks, a library of more than 200,000 pages of educational reference documents.
Tip calculator app for Android featuring Material Design. Published to the Google Play Store.
First Year Robot Competition
Semester-long immersive design challenge to collaborate with a team of 6 engineers to build and program a robot from scratch to autonomously navigate an obstacle course while competing against 15 other teams.
Work Experience
IT Intern - Application Development
Lehigh Hanson
Mar - Sept 2017
Helped develop and test a flagship web and mobile application deployed to more than 62 countries. Created a custom CSS extension for Bootstrap to quickly and intuitively style responsive web applications for all future company projects.
Skills
Less experience
More experience


|
PWARC
Contest Team Results
|
To enter as a club, a minimum of 3 entries are needed.
Up to 10 entries may be submitted in the "Local" category
in which our club participates. For further information on contests,
see the Contest Calendar. |
|
December 2012 ARRL 10 Meter
Contest Scores
|
NAME |
CALL |
CLASS |
CONTACTS |
MULTIPLIERS |
UNOFFICIAL SCORE |
|
Ted |
K0LDS |
Single-OP/L/CW |
44 |
43 |
4,080 |
|
Dan |
NG0T |
Single-OP/L/M |
32 |
. |
2,668. |
|
Jim |
NE0DA |
Single-OP/L/Ph |
32 |
. |
1,216 |
|
Jane |
KA0USA
WA0KAQ |
Multi-OP/L/Ph |
27 |
16 |
864 |
|
Paul |
KB0JIT |
Single-OP/L/Ph |
8 |
8 |
128 |
|
Ed |
NI5R |
Single-OP/L/Ph |
. |
. |
. |
|
Neal |
KD0MBL |
Single-OP/L/Ph |
. |
. |
. |
|
Mike |
KD0TKK |
Single-Op/L/PH |
. |
. |
. |
|
Bill |
W0HNF |
Single-Op/L/PH |
. |
. |
. |
|
------------------------
----------------
|
2012
November Sweepstakes Contest (PHONE)
Scores
Unofficial Results
|
NAME |
CALL |
POWER |
CONTACTS |
SECTIONS |
SCORE |
|
Bill |
WA0KAQ |
Low |
281 |
77/83 |
43,274 |
|
Jim |
NE0DA |
Low |
140 |
|
16,800 |
|
Neal |
KD0MBL |
Low |
. |
. |
2,790 |
|
Steve |
KD0QCF |
Low |
33 |
27 |
1,782 |
|
Ted |
K0LDS |
Low |
29 |
24 |
1,392 |
|
UNOFFICIAL CLUB SCORE: 66,038
Last year's score: 65,604 |
|
|
2012
November Sweepstakes Contest (CW) Raw
Scores
|
NAME |
CALL |
POWER |
CONTACTS |
SECTIONS |
SCORE |
|
Ted |
K0LDS |
Low |
85 |
56 |
9,520 |
|
|
The two ARRL November
Sweepstakes scores above are combined to determine club placement in
the contest. Individually in the contest, club members placed as
follows against other Colorado entries in the same class:
|
PHONE CONTEST - LOW POWER - __ ENTRIES |
CW CONTEST - LOW POWER - 10 ENTRIES |
|
Bill, WA0KAQ -- # |
Ted, K0LDS -- #10 |
|
Jim, NE0DA -- # |
|
|
Steve, KD0QCF -- # |
|
|
Neal -- # |
|
|
Ted -- # |
|
|
|
2012 CQ WW DX Contest (PHONE)
-- October
Unofficial Results
Claimed scores before log checking. Last
updated: 2013-1-12.
Checklogs are not included.
|
NAME |
CALL |
POWER |
CONTACTS |
QSO POINTS |
MULTIPLIERS |
SCORE |
|
Bill |
WA0KAQ |
LOW |
199 |
|
|
72,199 |
|
Jim |
NE0DA |
LOW |
|
|
|
72,174 |
|
Dan |
NG0T |
LOW |
166 |
454 |
126 |
57,204 |
|
Steve |
KD0QCF |
LOW |
38 |
|
|
5,050 |
|
UNOFFICIAL CLUB SCORE: 206,627 |
Individual Score
Placements In
Class (PHONE)
Unofficial Results
Claimed scores before log checking. Last
updated: 2013-1-12.
Checklogs are not included.
|
NAME |
CALL |
SCORE |
WORLD |
CONTINENT |
COUNTRY |
|
Bill |
WA0KAQ |
72,199 |
#865 of 2165 |
#251 of 646 |
#194 of 546 |
|
Jim |
NE0DA |
72,174 |
#866 of 2165 |
#251 of 646 |
#194 of 546 |
|
Dan |
NG0T |
57,204 |
#963 of 2165 |
#278 of 646 |
#220 of 546 |
|
Steve |
KD0QCF |
5,050 |
#1868 of 2165 |
#551 of 646 |
#463 of 546 |
-----------
2012 CQ WW DX Contest (CW) -- November
Unofficial Results
Claimed scores before log checking. Last
updated: 2013-1-12.
Checklogs are not included.
|
NAME |
CALL |
SCORE |
WORLD |
CONTINENT |
COUNTRY |
|
Dan |
NG0T |
413,158 |
#259 of 1658 |
#78 of 384 |
#59 of 328 |
Individual Score
Placements In
Class (CW)
Unofficial Results
Claimed scores before log checking. Last
updated: 2012-12-02. Checklogs are not included.
|
NAME |
CALL |
SCORE |
QSO POINTS |
MULTIPLIERS |
SCORE |
|
Dan |
NG0T |
411,921 |
#962 of 2158 |
#277 of 644 |
#219 of 544 |
|
|
Colorado QSO Party -- September 2012
|
NAME |
CALL |
CLASS |
MODE |
POWER |
SCORE |
PLACED
IN CLASS |
|
Jane, KA0USA
Bill, WA0KAQ
David, KC0RNI |
KA0USA |
Multi-Op
Single
Transmitter |
Digital |
LOW |
23,868 |
#1 |
|
Ted |
K0LDS |
Single Op |
Mixed |
LOW |
15,816 |
#4 |
|
Paul |
KB0JIT |
Single Op |
Phone |
LOW |
1,020 |
#9 |
|
Paul |
KB0JIT |
Single Op |
Digital |
LOW |
8 |
#2 |
|
=====================================
Other scores will be added
after contests are completed.
====================
|
|
CO CLASS B STATIONS -- __ ENTRIES |
ROCKY MTN DIV. CLASS B -- __ ENTRIES |
|
K0LDS -- # |
K0LDS -- # |
|
NG0T -- # |
NG0T -- # |
|
KB0JIT -- # |
KB0JIT -- # |
|
KA0USA -- # |
KA0USA -- # |
|
NE0DA -- # |
NE0DA -- # |
|
KD0QCF -- # |
KD0QCF -- # |
|
|
Placement against other clubs is
still to be determined. |
|


{% trans "May 1st, 2022" %}
{% trans "Hello (again...) friends and family!" %}
{% trans "It's been a while, we are still not married but we have not given up!" %} {% trans "Thanks for attempting to share our wedding celebrations with us!" %} {% trans "As we figure out the big day, " %} {% trans "we have created this website to keep you up-to-date with everything." %}
{% trans "Looking forward to celebrate with you!" %}
{% trans "- Daniel and Maria Paz" %}
{% trans "If you have any questions don't hesitate to reach out!" %}


PRIVATE PARTS A film review by Chuck Dowling Copyright 1997 Chuck Dowling
Private Parts (1997) ***1/2 out of ***** - Cast: Howard Stern, Robin Quivers, Mary McCormack, Fred Norris, Paul Giamatti, Gary Dell'Abate, Jackie Martling, Carol Alt, David Letterman, many musician cameos. Written By: Len Blum and Michael Kalesniko. Directed By: Betty Thomas. Running Time: 109 minutes.
Before I review this film I need to set a few things straight about my views of Howard Stern. I have no views of Howard Stern.  STERN RULES!", let me explain. I live in a town where Howard Stern's radio show is not aired. My only exposure to the man is when I occasionally watch the 30 minute show of his on the E! network. And, just watching that show is not sufficient enough to form an opinion of the man. The E! show represents, at the most, 1/6th of his daily radio show. So please, understand that I have no preconceived opinions about Howard Stern. I'm not a fan, and I'm not an enemy. Let's continue...
"Private Parts" chronicles shock-jock Howard Stern's rise to fame and fortune. The story begins as Stern recalls his childhood to airplane seatmate Carol Alt. We see a few select scenes from Howard's childhood: His early brushes with radio, and his days at an all-black high school, for example. Then the main story begins: Howard Stern wants to be a disc jockey.
We see Howard working various radio jobs across the country, meeting his future wife Alison (Mary McCormack), and assembling the team which he currently employs. These scenes are certainly entertaining, but aren't necessarily laugh out loud funny.
The hilarious scenes come later as Howard has moved to New York City to work at WNBC radio. The network weasels who hired him without even knowing what kind of show he did are shocked to discover the content of his radio show. They attempt to censor him at every opportunity through an executive named Kenny (Paul Giamatti), and these confrontations provide the best moments of the film. I don't particularily think that Stern's radio persona is all that funny, but when he's fighting the establishment it serves a purpose. (Please, I liked the film, no "YOU SUCK! STERN RULES!" letters.)
There are some flaws in the film, mainly the interruptions in the story so some naked woman or society freak can tell us that Howard is now in Detroit or whereever. They don't fit the film and are an unwanted distraction. The film ends abruptly and it feels like there's much more story to tell. I'll be looking forward to a possible sequel to continue that story. Stern proves himself to be a good actor, but the true test will come when he plays a character other than himself. I'll be looking forward to that as well. [R]
-- Chuck Dowling Visit Chuck's Movie Reviews at http://users.southeast.net/~chuckd21/ Over 1,600 movies rated and/or reviewed! Movie news, film related links, and reader's reviews.
The review above was posted to the
rec.arts.movies.reviews newsgroup (de.rec.film.kritiken for German reviews).
The Internet Movie Database accepts no responsibility for the contents of the
review and has no editorial control. Unless stated otherwise, the copyright
belongs to the author.
Please direct comments/criticisms of the review to relevant newsgroups.
Broken URLs inthe reviews are the responsibility of the author.
The formatting of the review is likely to differ from the original due
to ASCII to HTML conversion.
Related links: index of all rec.arts.movies.reviews reviews


- __accum
- ̣__accum types
- __circ
- Circular buffers
- __fixed
- ̣__fixed types
| ̣__fixed types
- __sat
- Operations on new data
- BDD
- Binary Decision Diagrams (BDDs)
- CBMC
- Abstract
| CBMC
- CFG
- Introduction
- Contracts
- Contributions
| Contract verification
- DAG
- Binary Decision Diagrams (BDDs)
- DSP
- Contributions
- DSP-C
- Abstract
| DSP-C
| DSP-C support
- Full Adder
- Bit vector flattening
| Bit vector flattening
- goto-program
- Introduction
- LTE
- Ericsson hardware platform
- SAT
- Satisfiability (SAT)
- Satisfiability
- Satisfiability (SAT)
- SSA
- Introduction
| Variable renaming
ash
2012-09-13


- 0. Fundamentals of Compliance
- Fundamentals of Compliance—Requirements
- 0.A.1 FIRMs must comply with all the requirements of
the GIPS standards, including any updates, Guidance Statements,
interpretations, Questions & Answers (Q&As), and clarifications
published by CFA Institute and the GIPS Executive Committee,
which are available on the GIPS standards website
(www.gipsstandards.org) as well as in the GIPS Handbook.
- 0.A.2 FIRMs must comply with all applicable laws and
regulations regarding the calculation and presentation of
performance.
- 0.A.3 FIRMs must not present performance or
performance-related information that is false or misleading.
- 0.A.4 The GIPS standards must be applied on a FIRM-wide
basis.
- 0.A.5 FIRMs must document their policies and procedures
used in establishing and maintaining compliance with the GIPS
standards, including ensuring the existence and ownership of
client assets, and must apply them consistently.
- 0.A.6 If the FIRM does not meet all the requirements of
the GIPS standards, the FIRM must not represent or state that
it is “in compliance with the Global Investment Performance
Standards except for . . .” or make any other statements that
may indicate partial compliance with the GIPS standards.
- 0.A.7 Statements referring to the calculation
methodology as being “in accordance,” “in compliance,” or
“consistent” with the Global Investment Performance Standards,
or similar statements, are prohibited.
- 0.A.8 Statements referring to the performance of a
single, existing client portfolio as being “calculated in
accordance with the Global Investment Performance Standards”
are prohibited, except when a GIPS-compliant FIRM reports the
performance of an individual client’s portfolio to that client.
- 0.A.9 FIRMs must make every reasonable effort to
provide a compliant presentation to all prospective clients.
FIRMs must not choose to whom they present a compliant
presentation. As long as a prospective client has received a
compliant presentation within the previous 12 months, the FIRM
has met this requirement.
- 0.A.10 FIRMs must provide a complete list of composite
descriptions to any prospective client that makes such a
request. FIRMs must include terminated composites on the FIRM’s
list of composite descriptions for at least five years after
the composite termination date.
- 0.A.11 FIRMs must provide a compliant presentation for
any composite listed on the FIRM’s list of composite
descriptions to any prospective client that makes such a
request.
- 0.A.12 FIRMs must be defined as an investment FIRM,
subsidiary, or division held out to clients or prospective
clients as a distinct business entity.
- 0.A.13 For periods beginning on or after 1 January
2011, total FIRM assets must be the aggregate fair value of all
discretionary and non-discretionary assets managed by the FIRM.
This includes both fee-paying and non-fee-paying portfolios.
- 0.A.14 Total FIRM assets must include assets assigned
to a sub-advisor provided the FIRM has discretion over the
selection of the sub-advisor.
- 0.A.15 Changes in a FIRM’s organization must not lead
to alteration of historical composite performance.
- 0.A.16 When the FIRM jointly markets with other FIRMs,
the FIRM claiming compliance with the GIPS standards must be
sure that it is clearly defined and separate relative to other
FIRMs being marketed, and that it is clear which FIRM is
claiming compliance.
- Fundamentals of Compliance—Recommendations
- 0.B.1 FIRMs should comply with the recommendations of
the GIPS standards, including recommendations in any updates,
Guidance Statements, interpretations, Questions & Answers
(Q&As), and clarifications published by CFA Institute and the
GIPS Executive Committee, which will be made available on the
GIPS website (www.gipsstandards.org) as well as in the GIPS
Handbook.
- 0.B.2 FIRMs should be verified.
- 0.B.3 FIRMs should adopt the broadest, most meaningful
definition of the FIRM. The scope of this definition should
include all geographical (country, regional, etc.) offices
operating under the same brand name regardless of the actual
name of the individual investment management company.
- 0.B.4 FIRMs should provide to each existing client, on
an annual basis, a compliant presentation of the composite in
which the client’s portfolio is included.
- 1. Input Data
- Input Data—Requirements
- 1.A.1 All data and information necessary to support all
items included in a compliant presentation must be captured and
maintained.
- 1.A.2 For periods beginning on or after 1 January 2011,
portfolios must be valued in accordance with the definition of
fair value and the GIPS Valuation Principles.
- 1.A.3 Firms must value portfolios in accordance with
the composite-specific valuation policy. Portfolios must be
valued:
- For periods beginning on or after 1 January 2001, at
least monthly.
- For periods beginning on or after 1 January 2010, on
the date of all large cash flows. Firms must define large
cash flow for each composite to determine when portfolios in
that composite must be valued.
- No more frequently than required by the valuation
policy.
- 1.A.4 For periods beginning on or after 1 January 2010,
firms must value portfolios as of the calendar month end or the
last business day of the month.
- 1.A.5 For periods beginning on or after 1 January 2005,
firms must use trade date accounting.
- 1.A.6 Accrual accounting must be used for fixed-income
securities and all other investments that earn interest income.
The value of fixed-income securities must include accrued
income.
- 1.A.7 For periods beginning on or after 1 January 2006,
composites must have consistent beginning and ending annual
valuation dates. Unless the composite is reported on a
non-calendar fiscal year, the beginning and ending valuation
dates must be at calendar year end or on the last business day
of the year.
- Input Data—Recommendations
- 1.B.1 Firms should value portfolios on the date of all
external cash flows.
- 1.B.2 Valuations should be obtained from a qualified
independent third party.
- 1.B.3 Accrual accounting should be used for dividends
(as of the ex-dividend date).
- 1.B.4 Firms should accrue investment management fees.
- 2. Calculation Methodology
- Calculation Methodology—Requirements
- 2.A.1 Total returns must be used.
- 2.A.2 Firms must calculate time-weighted rates of
return that adjust for external cash flows. Both periodic and
sub-period returns must be geometrically linked. External cash
flows must be treated according to the firm’s
composite-specific policy. At a minimum:
- For periods beginning on or after 1 January 2001,
firms must calculate portfolio returns at least monthly.
- For periods beginning on or after 1 January 2005,
firms must calculate portfolio returns that adjust for
daily-weighted external cash flows.
- 2.A.3 Returns from cash and cash equivalents held in
portfolios must be included in all return calculations.
- 2.A.4 All returns must be calculated after the
deduction of the actual trading expenses incurred during the
period. Firms must not use estimated trading expenses.
- 2.A.5 If the actual trading expenses cannot be
identified and segregated from a bundled fee:
- When calculating gross-of-fees returns, returns must
be reduced by the entire bundled fee or the portion of the
bundled fee that includes the trading expenses. Firms must
not use estimated trading expenses.
- When calculating net-of-fees returns, returns must be
reduced by the entire bundled fee or the portion of the
bundled fee that includes the trading expenses and the
investment management fee. Firms must not use estimated
trading expenses.
- 2.A.6 Composite returns must be calculated by
asset-weighting the individual portfolio returns using
beginning-of-period values or a method that reflects both
beginning-of-period values and external cash flows.
- 2.A.7 Composite returns must be calculated:
- For periods beginning on or after 1 January 2006, by
asset-weighting the individual portfolio returns at least
quarterly.
- For periods beginning on or after 1 January 2010, by
asset-weighting the individual portfolio returns at least
monthly.
- Calculation Methodology—Recommendations
- 2.B.1 Returns should be calculated net of
non-reclaimable withholding taxes on dividends, interest, and
capital gains. Reclaimable withholding taxes should be accrued.
- 2.B.2 For periods prior to 1 January 2010, firms should
calculate composite returns by asset-weighting the individual
portfolio returns at least monthly.
- 3. Composite Construction
- Composite Construction—Requirements
- 3.A.1 All actual, fee-paying, discretionary portfolios
must be included in at least one composite. Although
non-fee-paying discretionary portfolios may be included in a
composite (with appropriate disclosure), non-discretionary
portfolios must not be included in a firm’s composites.
- 3.A.2 Composites must include only actual assets
managed by the firm.
- 3.A.3 Firms must not link performance of simulated or
model portfolios with actual performance.
- 3.A.4 Composites must be defined according to
investment mandate, objective, or strategy. Composites must
include all portfolios that meet the composite definition. Any
change to a composite definition must not be applied
retroactively. The composite definition must be made available
upon request.
- 3.A.5 Composites must include new portfolios on a
timely and consistent basis after each portfolio comes under
management.
- 3.A.6 Terminated portfolios must be included in the
historical performance of the composite up to the last full
measurement period that each portfolio was under management.
- 3.A.7 Portfolios must not be switched from one
composite to another unless documented changes to a portfolio’s
investment mandate, objective, or strategy or the redefinition
of the composite makes it appropriate. The historical
performance of the portfolio must remain with the original
composite.
- 3.A.8 For periods beginning on or after 1 January 2010,
a carve-out must not be included in a composite unless the
carve-out is managed separately with its own cash balance.
- 3.A.9 If the firm sets a minimum asset level for
portfolios to be included in a composite, the firm must not
include portfolios below the minimum asset level in that
composite. Any changes to a composite-specific minimum asset
level must not be applied retroactively.
- 3.A.10 Firms that wish to remove portfolios from
composites in cases of significant cash flows must define
“significant” on an ex-ante, composite-specific basis and must
consistently follow the composite-specific policy.
- Composite Construction—Recommendations
- 3.B.1 If the firm sets a minimum asset level for
portfolios to be included in a composite, the firm should not
present a compliant presentation of the composite to a
prospective client known not to meet the composite’s minimum
asset level.
- 3.B.2 To remove the effect of a significant cash flow,
the firm should use a temporary new account.
- 4. Disclosure
- Disclosure—Requirements
- 4.A.1 Once a firm has met all the requirements of the
GIPS standards, the firm must disclose its compliance with the
GIPS standards using one of the following compliance
statements. The claim of compliance must only be used in a
compliant presentation. For firms that are verified:
[Insert name of firm] claims
compliance with the Global Investment Performance Standards
(GIPS®) and has prepared and presented this report in
compliance with the GIPS standards. [Insert name of firm] has
been independently verified for the periods [insert dates].
The verification report(s) is/are available upon request.
Verification assesses whether (1) the firm has complied with
all the composite construction requirements of the GIPS
standards on a firm-wide basis and (2) the firm’s policies and
procedures are designed to calculate and present performance
in compliance with the GIPS standards. Verification does not
ensure the accuracy of any specific composite presentation.
For
composites of a verified firm that have also had a performance
examination:
[Insert name of firm] claims
compliance with the Global Investment Performance Standards
(GIPS®) and has prepared and presented this report in
compliance with the GIPS standards. [Insert name of firm] has
been independently verified for the periods [insert dates].
Verification assesses whether (1) the firm has complied with
all the composite construction requirements of the GIPS
standards on a firm-wide basis and (2) the firm’s policies and
procedures are designed to calculate and present performance
in compliance with the GIPS standards. The [insert name of
composite] composite has been examined for the periods [insert
dates]. The verification and performance examination reports
are available upon request.
For firms that have not been
verified:
[Insert name of firm] claims
compliance with the Global Investment Performance Standards
(GIPS®) and has prepared and presented this report in
compliance with the GIPS standards. [Insert name of firm] has
not been independently verified.
- 4.A.2 Firms must disclose the definition of the firm
used to determine total firm assets and firm-wide compliance
- 4.A.3 Firms must disclose the composite description.
- 4.A.4 Firms must disclose the benchmark description.
- 4.A.5 When presenting gross-of-fees returns, firms must
disclose if any other fees are deducted in addition to the
trading expenses.
- 4.A.6 When presenting net-of-fees returns, firms must
disclose:
- If any other fees are deducted in addition to the
investment management fees and trading expenses;
- If model or actual investment management fees are
used;
- If returns are net of any performance-based fees.
- 4.A.7 Firms must disclose the currency used to express
performance.
- 4.A.8 Firms must disclose which measure of internal
dispersion is presented.
- 4.A.9 Firms must disclose the fee schedule appropriate
to the compliant presentation.
- 4.A.10 Firms must disclose the composite creation date.
- 4.A.11 Firms must disclose that the firm’s list of
composite descriptions is available upon request.
- 4.A.12 Firms must disclose that policies for valuing
portfolios, calculating performance, and preparing compliant
presentations are available upon request.
- 4.A.13 Firms must disclose the presence, use, and
extent of leverage, derivatives, and short positions, if
material, including a description of the frequency of use and
characteristics of the instruments sufficient to identify
risks.
- 4.A.14 Firms must disclose all significant events that
would help a prospective client interpret the compliant
presentation.
- 4.A.15 For any performance presented for periods prior
to 1 January 2000 that does not comply with the GIPS standards,
firms must disclose the periods of non-compliance.
- 4.A.16 If the firm is redefined, the firm must disclose
the date of, description of, and reason for the redefinition.
- 4.A.17 If a composite is redefined, the firm must
disclose the date of, description of, and reason for the
redefinition.
- 4.A.18 Firms must disclose changes to the name of a
composite.
- 4.A.19 Firms must disclose the minimum asset level, if
any, below which portfolios are not included in a composite.
Firms must also disclose any changes to the minimum asset
level.
- 4.A.20 Firms must disclose relevant details of the
treatment of withholding taxes on dividends, interest income,
and capital gains, if material. Firms must also disclose if
benchmark returns are net of withholding taxes if this
information is available.
- 4.A.21 For periods beginning on or after 1 January
2011, firms must disclose and describe any known material
differences in exchange rates or valuation sources used among
the portfolios within a composite, and between the composite
and the benchmark.
- 4.A.22 If the compliant presentation conforms with laws
and/or regulations that conflict with the requirements of the
GIPS standards, firms must disclose this fact and disclose the
manner in which the laws and/or regulations conflict with the
GIPS standards.
- 4.A.23 For periods prior to 1 January 2010, if
carve-outs are included in a composite, firms must disclose the
policy used to allocate cash to carve-outs.
- 4.A.24 If a composite contains portfolios with bundled
fees, firms must disclose the types of fees that are included
in the bundled fee.
- 4.A.25 For periods beginning on or after 1 January
2006, firms must disclose the use of a sub-advisor and the
periods a sub-advisor was used.
- 4.A.26 For periods prior to 1 January 2010, firms must
disclose if any portfolios were not valued at calendar month
end or on the last business day of the month.
- 4.A.27 For periods beginning on or after 1 January
2011, firms must disclose the use of subjective unobservable
inputs for valuing portfolio investments (as described in the
GIPS Valuation Principles) if the portfolio investments valued
using subjective unobservable inputs are material to the
composite.
- 4.A.28 For periods beginning on or after 1 January
2011, firms must disclose if the composite’s valuation
hierarchy materially differs from the recommended hierarchy in
the GIPS Valuation Principles.
- 4.A.29 If the firm determines no appropriate benchmark
for the composite exists, the firm must disclose why no
benchmark is presented.
- 4.A.30 If the firm changes the benchmark, the firm must
disclose the date of, description of, and reason for the
change.
- 4.A.31 If a custom benchmark or combination of multiple
benchmarks is used, the firm must disclose the benchmark
components, weights, and rebalancing process.
- 4.A.32 If the firm has adopted a significant cash flow
policy for a specific composite, the firm must disclose how the
firm defines a significant cash flow for that composite and for
which periods.
- 4.A.33 Firms must disclose if the three-year annualized
ex-post standard deviation of the composite and/or benchmark is
not presented because 36 monthly returns are not available.
- 4.A.34 If the firm determines that the three-year
annualized ex-post standard deviation is not relevant or
appropriate, the firm must:
- Describe why ex-post standard deviation is not
relevant or appropriate;
- Describe the additional risk measure presented and
why it was selected.
- 4.A.35 Firms must disclose if the performance from a
past firm or affiliation is linked to the performance of the
firm.
- Disclosure—Recommendations
- 4.B.1 Firms should disclose material changes to
valuation policies and/or methodologies.
- 4.B.2 Firms should disclose material changes to
calculation policies and/or methodologies.
- 4.B.3 Firms should disclose material differences
between the benchmark and the composite’s investment mandate,
objective, or strategy.
- 4.B.4 Firms should disclose the key assumptions used to
value portfolio investments.
- 4.B.5 If a parent company contains multiple firms, each
firm within the parent company should disclose a list of the
other firms contained within the parent company.
- 4.B.6 For periods prior to 1 January 2011, firms should
disclose the use of subjective unobservable inputs for valuing
portfolio investments (as described in the GIPS Valuation
Principles) if the portfolio investments valued using
subjective unobservable inputs are material to the composite.
- 4.B.7 For periods prior to 1 January 2006, firms should
disclose the use of a sub-advisor and the periods a sub-advisor
was used.
- 4.B.8 Firms should disclose if a composite contains
proprietary assets.
- 5. Presentation and Reporting
- Presentation and Reporting—Requirements
- 5.A.1 The following items must be presented in each
compliant presentation:
- At least five years of performance (or for the period
since the firm’s inception or the composite inception date if
the firm or the composite has been in existence less than
five years) that meets the requirements of the GIPS
standards. After a firm presents a minimum of five years of
GIPS-compliant performance (or for the period since the
firm’s inception or the composite inception date if the firm
or the composite has been in existence less than five years),
the firm must present an additional year of performance each
year, building up to a minimum of 10 years of GIPS-compliant
performance.
- Composite returns for each annual period. Composite
returns must be clearly identified as gross-of-fees or
net-of-fees.
- For composites with a composite inception date of 1
January 2011 or later, when the initial period is less than a
full year, returns from the composite inception date through
the initial annual period end.
- For composites with a composite termination date of 1
January 2011 or later, returns from the last annual period
end through the composite termination date.
- The total return for the benchmark for each annual
period. The benchmark must reflect the investment mandate,
objective, or strategy of the composite.
- The number of portfolios in the composite as of each
annual period end. If the composite contains five or fewer
portfolios at period end, the number of portfolios is not
required.
- Composite assets as of each annual period end.
- Either total firm assets or composite assets as a
percentage of total firm assets, as of each annual period
end.
- A measure of internal dispersion of individual
portfolio returns for each annual period. If the composite
contains five or fewer portfolios for the full year, a
measure of internal dispersion is not required.
- 5.A.2 For periods ending on or after 1 January 2011,
firms must present, as of each annual period end:
- The three-year annualized ex-post standard deviation
(using monthly returns) of both the composite and the
benchmark;
- An additional three-year ex-post risk measure for the
benchmark (if available and appropriate) and the composite,
if the firm determines that the three-year annualized ex-post
standard deviation is not relevant or appropriate. The
periodicity of the composite and the benchmark must be
identical when calculating the ex-post risk measure.
- 5.A.3 Firms must not link non-GIPS-compliant
performance for periods beginning on or after 1 January 2000 to
their GIPS-compliant performance. Firms may link
non-GIPS-compliant performance to GIPS-compliant performance
provided that only GIPS-compliant performance is presented for
periods beginning on or after 1 January 2000.
- 5.A.4 Returns for periods of less than one year must
not be annualized.
- 5.A.5 For periods beginning on or after 1 January 2006
and ending prior to 1 January 2011, if a composite includes
carve-outs, the firm must present the percentage of composite
assets represented by carve-outs as of each annual period end.
- 5.A.6 If a composite includes non-fee-paying
portfolios, the firm must present the percentage of composite
assets represented by non-fee-paying portfolios as of each
annual period end.
- 5.A.7 If a composite includes portfolios with bundled
fees, the firm must present the percentage of composite assets
represented by portfolios with bundled fees as of each annual
period end.
- 5.A.8
- Performance of a past firm or affiliation must be
linked to or used to represent the historical performance of
a new or acquiring firm if, on a composite-specific basis:
- Substantially all of the investment decision makers
are employed by the new or acquiring firm (e.g., research
department staff, portfolio managers, and other relevant
staff)
- The decision-making process remains substantially
intact and independent within the new or acquiring firm;
- The new or acquiring firm has records that document
and support the performance.
- If a firm acquires another firm or affiliation, the
firm has one year to bring any non-compliant assets into
compliance.
- Presentation and Reporting—Recommendations
- 5.B.1 Firms should present gross-of-fees returns.
- 5.B.2 Firms should present the following items:
- Cumulative returns of the composite and the benchmark
for all periods;
- Equal-weighted mean and median composite returns;
- Quarterly and/or monthly returns;
- Annualized composite and benchmark returns for
periods longer than 12 months.
- 5.B.3 For periods prior to 1 January 2011, firms should
present the three-year annualized ex-post standard deviation
(using monthly returns) of the composite and the benchmark as
of each annual period end.
- 5.B.4 For each period for which an annualized ex-post
standard deviation of the composite and the benchmark are
presented, the corresponding annualized return of the composite
and the benchmark should also be presented.
- 5.B.5 For each period for which an annualized return of
the composite and the benchmark are presented, the
corresponding annualized ex-post standard deviation (using
monthly returns) of the composite and the benchmark should also
be presented.
- 5.B.6 Firms should present additional relevant
composite-level ex-post risk measures.
- 5.B.7 Firms should present more than 10 years of annual
performance in the compliant presentation.
- 5.B.8 Firms should comply with the GIPS standards for
all historical periods.
- 5.B.9 Firms should update compliant presentations
quarterly.
- 6. Real Estate
Unless otherwise noted, the following real estate provisions
supplement the required and recommended provisions of the GIPS
standards in Sections 0–5.
Real estate provisions were first included in the GIPS
standards in 2005 and became effective 1 January 2006. All
compliant presentations that included real estate performance for
periods beginning on or after 1 January 2006 were required to meet
all the requirements of the real estate provisions of the 2005
edition of the GIPS standards. The following real estate
provisions are effective 1 January 2011. All real estate
composites that include performance for periods beginning on or
after 1 January 2011 must comply with all the requirements and
should adhere to the recommendations of the following real estate
provisions.
The following investment types are not considered real
estate and, therefore, must follow Sections 0–5 of the Global
Investment Performance Standards:
- Publicly traded real estate securities;
- Commercial mortgage-backed securities (CMBS);
- Private debt investments, including commercial and
residential loans where the expected return is solely related to
contractual interest rates without any participation in the
economic performance of the underlying real estate.
- Real Estate—Requirements
Input Data—Requirements (the following provisions do not
apply: 1.A.3.a, 1.A.3.b, and 1.A.4)
- 6.A.1 For periods beginning on or after 1 January 2011,
real estate investments must be valued in accordance with the
definition of fair value and the GIPS Valuation Principles in
Chapter II.
- 6.A.2 For periods beginning on or after 1 January 2008,
real estate investments must be valued at least quarterly.
- 6.A.3 For periods beginning on or after 1 January 2010,
firms must value portfolios as of each quarter end or the last
business day of each quarter.
- 6.A.4 Real estate investments must have an external
valuation:
- For periods prior to 1 January 2012, at least once
every 36 months.
- For periods beginning on or after 1 January 2012, at
least once every 12 months unless client agreements stipulate
otherwise, in which case real estate investments must have an
external valuation at least once every 36 months or per the
client agreement if the client agreement requires external
valuations more frequently than every 36 months.
- 6.A.5 External valuations must be performed by an
independent external professionally designated, certified, or
licensed commercial property valuer/appraiser. In markets where
these professionals are not available, the firm must take the
necessary steps to ensure that only well-qualified independent
property valuers or appraisers are used.
Calculation Methodology—Requirements (the following
provisions do not apply: 2.A.2.a, 2.A.4, and 2.A.7)
- 6.A.6 Firms must calculate portfolio returns at least
quarterly.
- 6.A.7 All returns must be calculated after the
deduction of actual transaction expenses incurred during the
period.
- 6.A.8 For periods beginning on or after 1 January 2011,
income returns and capital returns (component returns) must be
calculated separately using geometrically linked time-weighted
rates of return.
- 6.A.9 Composite time-weighted rates of return,
including component returns, must be calculated by
asset-weighting the individual portfolio returns at least
quarterly.
Disclosure—Requirements (the following provisions do not
apply: 4.A.5, 4.A.6.a, 4.A.15, 4.A.26, 4.A.33, and 4.A.34)
- 6.A.10 The following items must be disclosed in each
compliant presentation:
- The firm’s description of discretion;
- The internal valuation methodologies used to value
real estate investments for the most recent period;
- For periods beginning on or after 1 January 2011,
material changes to valuation policies and/or methodologies;
- For periods beginning on or after 1 January 2011,
material differences between an external valuation and the
valuation used in performance reporting and the reason for
the differences;
- The frequency real estate investments are valued by
an independent external professionally designated, certified,
or licensed commercial property valuer/appraiser;
- When component returns are calculated separately
using geometrically linked time-weighted rates of return;
- For periods prior to 1 January 2011, if component
returns are adjusted such that the sum of the income return
and the capital return equals the total return.
- 6.A.11 For any performance presented for periods prior
to 1 January 2006 that does not comply with the GIPS standards,
firms must disclose the periods of non-compliance.
- 6.A.12 When presenting gross-of-fees returns, firms
must disclose if any other fees are deducted in addition to the
transaction expenses.
- 6.A.13 When presenting net-of-fees returns, firms must
disclose if any other fees are deducted in addition to the
investment management fees and transaction expenses.
Presentation and Reporting—Requirements (the following
provisions do not apply: 5.A.1.i, 5.A.2, and 5.A.3)
- 6.A.14 Firms must present component returns in addition
to total returns. Composite component returns must be clearly
identified as gross-of-fees or net-of-fees.
- 6.A.15 Firms must not link non-GIPS-compliant
performance for periods beginning on or after 1 January 2006 to
their GIPS-compliant performance. Firms may link
non-GIPS-compliant performance to their GIPS-compliant
performance provided that only GIPS-compliant performance is
presented for periods beginning on or after 1 January 2006.
- 6.A.16 The following items must be presented in each
compliant presentation:
- As a measure of internal dispersion, high and low
annual time-weighted rates of return for the individual
portfolios in the composite. If the composite contains five
or fewer portfolios for the full year, a measure of internal
dispersion is not required.
- As of each annual period end, the percentage of
composite assets valued using an external valuation during
the annual period.
The following provisions are additional requirements for
real estate closed-end fund composites:
Calculation Methodology—Requirements
- 6.A.17 Firms must calculate annualized since inception
internal rates of return (SI-IRR).
- 6.A.18 The SI-IRR must be calculated using quarterly
cash flows at a minimum.
Composite Construction—Requirements
- 6.A.19 Composites must be defined by vintage year and
investment mandate, objective, or strategy. The composite
definition must remain consistent throughout the life of the
composite.
Disclosure—Requirements
- 6.A.20 Firms must disclose the final liquidation date
for liquidated composites.
- 6.A.21 Firms must disclose the frequency of cash flows
used in the SI-IRR calculation.
- 6.A.22 Firms must disclose the vintage year of the
composite and how the vintage year is defined.
Presentation and Reporting—Requirements
- 6.A.23 The following items must be presented in each
compliant presentation:
- Firms must present the net-of-fees SI-IRR of the
composite through each annual period end. firms must
initially present at least five years of performance (or for
the period since the firm’s inception or the composite
inception date if the firm or the composite has been in
existence less than five years) that meets the requirements
of the GIPS standards. Each subsequent year, firms must
present an additional year of performance.
- For periods beginning on or after 1 January 2011,
when the initial period is less than a full year, firms must
present the non-annualized net-of-fees SI-IRR through the
initial annual period end.
- For periods ending on or after 1 January 2011, firms
must present the net-of-fees SI-IRR through the composite
final liquidation date.
- 6.A.24 If the gross-of-fees SI-IRR of the composite is
presented in the compliant presentation, firms must present the
gross-of-fees SI-IRR of the composite for the same periods as
the net-of-fees SI-IRR is presented.
- 6.A.25 Firms must present, as of each annual period
end:
- Composite since inception paid-in capital;
- Composite since inception distributions;
- Composite cumulative committed capital;
- Total value to since inception paid-in capital
(investment multiple or TVPI);
- Since inception distributions to since inception
paid-in capital (realization multiple or DPI);
- Since inception paid-in capital to cumulative
committed capital (PIC multiple);
- Residual value to since inception paid-in capital
(unrealized multiple or RVPI).
- 6.A.26 Firms must present the SI-IRR of the benchmark
through each annual period end. The benchmark must:
- Reflect the investment mandate, objective, or
strategy of the composite;
- Be presented for the same time period as presented
for the composite;
- Be the same vintage year as the composite.
- Real Estate—Recommendations
Input Data—Recommendations (the following provision does
not apply: 1.B.1)
- 6.B.1 For periods prior to 1 January 2012, real estate
investments should be valued by an independent external
professionally designated, certified, or licensed commercial
property valuer/appraiser at least once every 12 months.
- 6.B.2 Real estate investments should be valued as of
the annual period end by an independent external professionally
designated, certified, or licensed commercial property
valuer/appraiser.
Disclosure—Recommendations
- 6.B.3 Firms should disclose the basis of accounting for
the portfolios in the composite (e.g., US GAAP, IFRS).
- 6.B.4 Firms should explain and disclose material
differences between the valuation used in performance reporting
and the valuation used in financial reporting as of each annual
period end.
- 6.B.5 For periods prior to 1 January 2011, firms should
disclose material changes to valuation policies and/or
methodologies.
Presentation and Reporting—Recommendations (the following
provisions do not apply: 5.B.3, 5.B.4, and 5.B.5)
- 6.B.6 Firms should present both gross-of-fees and
net-of-fees returns.
- 6.B.7 Firms should present the percentage of the total
value of composite assets that are not real estate as of each
annual period end.
- 6.B.8 Firms should present the component returns of the
benchmark, if available.
The following provision is an additional recommendation
for real estate closed-end fund composites:
Calculation Methodology—Recommendations
- 6.B.9 The SI-IRR should be calculated using daily cash
flows.
- 7. Private Equity
Unless otherwise noted, the following private equity
provisions supplement the required and recommended provisions of
the GIPS standards in Sections 0–5.
Private equity provisions were first included in the GIPS
standards in 2005 and became effective 1 January 2006. All
compliant presentations that included private equity performance
for periods ending on or after 1 January 2006 were required to
meet all the requirements of the private equity provisions of the
2005 edition of the GIPS standards. The following private equity
provisions are effective 1 January 2011. All private equity
composites that include performance for periods ending on or after
1 January 2011 must comply with all the requirements and should
comply with the recommendations of the following private equity
provisions.
The following are provisions that apply to the calculation
and presentation of private equity investments made by fixed life,
fixed commitment private equity investment vehicles including
primary funds and funds of funds. These provisions also apply to
fixed life, fixed commitment secondary funds, which must apply
either the provisions applicable to primary funds or the
provisions applicable to funds of funds, depending on which form
the secondary fund uses to make investments. Private equity
open-end and evergreen funds must follow Sections 0–5 in the
Provisions of the Global Investment Performance Standards. Real
estate closed-end funds must follow Section 6 in the Provisions of
the Global Investment Performance Standards.
- Private Equity—Requirements
Input Data—Requirements (the following provisions do not
apply: 1.A.3.a, 1.A.3.b, and 1.A.4)
- 7.A.1 For periods ending on or after 1 January 2011,
private equity investments must be valued in accordance with
the definition of fair value and the GIPS Valuation Principles
in Chapter II.
- 7.A.2 Private equity investments must be valued at
least annually.
Calculation Methodology—Requirements (the following
provisions do not apply: 2.A.2, 2.A.4, 2.A.6, and 2.A.7)
- 7.A.3 Firms must calculate annualized since inception
internal rates of return (SI-IRR).
- 7.A.4 For periods ending on or after 1 January 2011,
the SI-IRR must be calculated using daily cash flows. Stock
distributions must be included as cash flows and must be valued
at the time of distribution.
- 7.A.5 All returns must be calculated after the
deduction of actual transaction expenses incurred during the
period.
- 7.A.6 Net-of-fees returns must be net of actual
investment management fees (including carried interest).
- 7.A.7 For funds of funds, all returns must be net of
all underlying partnership and/or fund fees and expenses,
including carried interest.
Composite Construction—Requirements (the following
provision does not apply: 3.A.10)
- 7.A.8 Composite definitions must remain consistent
throughout the life of the composite.
- 7.A.9 Primary funds must be included in at least one
composite defined by vintage year and investment mandate,
objective, or strategy.
- 7.A.10 Funds of funds must be included in at least one
composite defined by vintage year of the fund of funds and/or
investment mandate, objective, or strategy.
Disclosure—Requirements (the following provisions do not
apply: 4.A.5, 4.A.6.a, 4.A.6.b, 4.A.8, 4.A.15, 4.A.26, 4.A.32,
4.A.33, and 4.A.34)
- 7.A.11 Firms must disclose the vintage year of the
composite and how the vintage year is defined.
- 7.A.12 Firms must disclose the final liquidation date
for liquidated composites.
- 7.A.13 Firms must disclose the valuation methodologies
used to value private equity investments for the most recent
period.
- 7.A.14 For periods ending on or after 1 January 2011,
firms must disclose material changes to valuation policies
and/or methodologies.
- 7.A.15 If the firm adheres to any industry valuation
guidelines in addition to the GIPS Valuation Principles, the
firm must disclose which guidelines have been applied.
- 7.A.16 Firms must disclose the calculation methodology
used for the benchmark. If firms present the public market
equivalent of a composite as a benchmark, firms must disclose
the index used to calculate the public market equivalent.
- 7.A.17 Firms must disclose the frequency of cash flows
used in the SI-IRR calculation if daily cash flows are not used
for periods prior to 1 January 2011.
- 7.A.18 For gross-of-fees returns, firms must disclose
if any other fees are deducted in addition to the transaction
expenses.
- 7.A.19 For net-of-fees returns, firms must disclose if
any other fees are deducted in addition to the investment
management fees and transaction expenses.
- 7.A.20 For any performance presented for periods ending
prior to 1 January 2006 that does not comply with the GIPS
standards, firms must disclose the periods of non-compliance.
Presentation and Reporting—Requirements (the following
provisions do not apply: 5.A.1.a, 5.A.1.b, 5.A.1.c, 5.A.1.d,
5.A.1.e, 5.A.1.i, 5.A.2, and 5.A.3)
- 7.A.21 The following items must be presented in each
compliant presentation:
- Firms must present both the net-of-fees and
gross-of-fees SI-IRR of the composite through each annual
period end. firms must initially present at least five years
of performance (or for the period since the firm’s inception
or the composite inception date if the firm or the composite
has been in existence less than five years) that meets the
requirements of the GIPS standards. Each subsequent year,
firms must present an additional year of performance.
Composite returns must be clearly identified as gross-of-fees
or net-of-fees.
- For periods beginning on or after 1 January 2011,
when the initial period is less than a full year, firms must
present the non-annualized net-of-fees and gross-of-fees
SI-IRR through the initial annual period end.
- For periods ending on or after 1 January 2011, firms
must present the net-of-fees and gross-of-fees SI-IRR through
the composite final liquidation date.
- 7.A.22 For periods ending on or after 1 January 2011,
for fund of funds composites, if the composite is defined only
by investment mandate, objective, or strategy, firms must also
present the SI-IRR of the underlying investments aggregated by
vintage year as well as other measures as required in 7.A.23.
These measures must be presented gross of the fund of funds
investment management fees and must be presented as of the most
recent annual period end.
- 7.A.23 Firms must present as of each annual period end:
- Composite since inception paid-in capital;
- Composite since inception distributions;
- Composite cumulative committed capital;
- Total value to since inception paid-in capital
(investment multiple or TVPI);
- Since inception distributions to since inception
paid-in capital (realization multiple or DPI);
- Since inception paid-in capital to cumulative
committed capital (PIC multiple);
- Residual value to since inception paid-in capital
(unrealized multiple or RVPI).
- 7.A.24 Firms must present the SI-IRR for the benchmark
through each annual period end. The benchmark must:
- Reflect the investment mandate, objective, or
strategy of the composite;
- Be presented for the same time periods as presented
for the composite;
- Be the same vintage year as the composite.
- 7.A.25 For fund of funds composites, if the composite
is defined only by investment mandate, objective, or strategy
and a benchmark is presented for the underlying investments,
the benchmark must be the same vintage year and investment
mandate, objective, or strategy as the underlying investments.
- 7.A.26 For periods ending on or after 1 January 2011,
for fund of funds composites, firms must present the
percentage, if any, of composite assets that is invested in
direct investments (rather than in fund investment vehicles) as
of each annual period end.
- 7.A.27 For periods ending on or after 1 January 2011,
for primary fund composites, firms must present the percentage,
if any, of composite assets that is invested in fund investment
vehicles (rather than in direct investments) as of each annual
period end.
- 7.A.28 Firms must not present non-GIPS-compliant
performance for periods ending on or after 1 January 2006. For
periods ending prior to 1 January 2006, firms may present
non-GIPS-compliant performance.
- Private Equity—Recommendations
Input Data—Recommendations (the following provision does
not apply: 1.B.1)
- 7.B.1 Private equity investments should be valued at
least quarterly.
Calculation Methodology—Recommendations (the following
provision does not apply: 2.B.2)
- 7.B.2 For periods ending prior to 1 January 2011, the
SI-IRR should be calculated using daily cash flows.
Composite Construction—Recommendations (the following
provision does not apply: 3.B.2)
Disclosure—Recommendations
- 7.B.3 Firms should explain and disclose material
differences between the valuations used in performance
reporting and the valuations used in financial reporting as of
each annual period end.
- 7.B.4 For periods prior to 1 January 2011, firms should
disclose material changes to valuation policies and/or
methodologies.
Presentation and Reporting—Recommendations (the following
provisions do not apply: 5.B.2, 5.B.3, 5.B.4, and 5.B.5)
- 7.B.5 For periods ending on or after 1 January 2011,
for fund of funds composites, if the composite is defined only
by vintage year of the fund of funds, firms should also present
the SI-IRR of the underlying investments aggregated by
investment mandate, objective, or strategy and other measures
as listed in 7.A.23. These measures should be presented gross
of the fund of funds investment management fees.
- 7.B.6 For periods ending prior to 1 January 2011, for
fund of funds composites, firms should present the percentage,
if any, of composite assets that is invested in direct
investments (rather than in fund investment vehicles) as of
each annual period end.
- 7.B.7 For periods ending prior to 1 January 2011, for
primary fund composites, firms should present the percentage,
if any, of composite assets that is invested in fund investment
vehicles (rather than in direct investments) as of each annual
period end.
- 8. Wrap Fee/Separately Managed Account (SMA) Portfolios
The following provisions apply to the calculation and
presentation of performance when presenting a compliant
presentation to a wrap fee/SMA prospective client (which includes
prospective wrap fee/SMA sponsors, prospective wrap fee/SMA
clients, and existing wrap fee/SMA sponsors). Unless otherwise
noted, the following wrap fee/SMA provisions supplement all the
required and recommended provisions of the GIPS standards in
Sections 0–5.
Although there are different types of wrap fee/SMA
structures, these provisions apply to all wrap fee/SMA portfolios
where there are bundled fees and the wrap fee/SMA sponsor serves
as an intermediary between the firm and the end user of the
investment services. These provisions are not applicable to
portfolios defined as other types of bundled fee portfolios. These
provisions are also not applicable to model portfolios that are
provided by a firm to a wrap fee/SMA sponsor if the firm does not
have discretionary portfolio management responsibility for the
individual wrap fee/SMA portfolios. Similarly, a firm or overlay
manager in a Multiple Strategy Portfolio (MSP) or similar program
is also excluded from applying these provisions to such portfolios
if they do not have discretion.
Although there are different types of wrap fee/SMA
structures, these provisions apply to all wrap fee/SMA portfolios
where there are bundled fees and the wrap fee/SMA sponsor serves
as an intermediary between the firm and the end user of the
investment services. These provisions are not applicable to
portfolios defined as other types of bundled fee portfolios. These
provisions are also not applicable to model portfolios that are
provided by a firm to a wrap fee/SMA sponsor if the firm does not
have discretionary portfolio management responsibility for the
individual wrap fee/SMA portfolios. Similarly, a firm or overlay
manager in a Multiple Strategy Portfolio (MSP) or similar program
is also excluded from applying these provisions to such portfolios
if they do not have discretion.
- Wrap Fee/SMA Requirements
Composite Construction—Requirements
- 8.A.1 Firms must include the performance record of
actual wrap fee/SMA portfolios in appropriate composites in
accordance with the firm’s established portfolio inclusion
policies. Once established, these composites (containing actual
wrap fee/SMA portfolios) must be used in the firm’s compliant
presentations presented to wrap fee/SMA prospective clients.
Disclosure—Requirements (the following provision does not
apply: 4.A.15)
- 8.A.2 For all wrap fee/SMA compliant presentations that
include periods prior to the inclusion of an actual wrap
fee/SMA portfolio in the composite, the firm must disclose, for
each period presented, that the composite does not contain
actual wrap fee/SMA portfolios.
- 8.A.3 For any performance presented for periods prior
to 1 January 2006 that does not comply with the GIPS standards,
firms must disclose the periods of non-compliance.
- 8.A.4 When firms present composite performance to an
existing wrap fee/SMA sponsor that includes only that sponsor’s
wrap fee/SMA portfolios (resulting in a “sponsor-specific
composite”):
- Firms must disclose the name of the wrap fee/SMA
sponsor represented by the sponsor-specific composite;
- If the sponsor-specific composite compliant
presentation is intended for the purpose of generating wrap
fee/SMA business and does not include performance net of the
entire wrap fee, the compliant presentation must disclose
that the named sponsor-specific compliant presentation is
only for the use of the named wrap fee/SMA sponsor.
Presentation and Reporting—Requirements (the following
provision does not apply: 5.A.3)
- 8.A.5 When firms present performance to a wrap fee/SMA
prospective client, the composite presented must include the
performance of all actual wrap fee/SMA portfolios, if any,
managed according to the composite investment mandate,
objective, or strategy, regardless of the wrap fee/SMA sponsor
(resulting in a “style-defined composite”).
- 8.A.6 When firms present performance to a wrap fee/SMA
prospective client, performance must be presented net of the
entire wrap fee.
- 8.A.7 Firms must not link non-GIPS-compliant
performance for periods beginning on or after 1 January 2006 to
their GIPS-compliant performance. firms may link
non-GIPS-compliant performance to their GIPS-compliant
performance provided that only GIPS-compliant performance is
presented for periods beginning on or after 1 January 2006.


This is a haiku by Basho.
His URL is https://authorship.rocks/test/5/about-basho
,
and his photo is at
https://authorship.rocks/images/basho.jpg
,
This page shows an h-entry
without author information. At the bottom of the page,
there is a link with rel="author"
. That page contains an h-card
,
where the u-url
and u-uid
pointing to itself.
You will need to fetch this second page to solve this test.


Pretty Woman (R) *** Starring Richard Gere, Julia Roberts Directed by Garry Marshall A Review by Frankie Paiva
Prompted by the recent Runaway Bride, (a diaster all it's own) I decided to rent Pretty Woman to see what got this tepid film made. It all flashed before my eyes, it was the world's first glimpse into the world of cutesy Julia movies. A fun, inventive romantic comedy that starts and ends just like it should.
Edward Lewis (Gere) buys companies, takes them apart, and sells them bit by bit. He meets Vivian (Roberts) on Hollywood Way when he asks her for directions to Beverly Hills. Asking her what her name is, she says "What do you want it to be?" Needing to take a load off, he hires her for the night. Taking a liking to her, he then hires her for a whole week.
But he needs to clean Vivian up. Buying her dresses and having her learn table manners to attend various dinners so she can appear as his date soon becomes his prime concern. He begins to fall in love with her, but it takes awhile for her to return his affections. Vivian also helps him see through buying another family owned company by bringing out the more emotional side of him.
Pretty Woman is extremely cute. Cute is the only world for it. I also liked the fact that prostitutes are portrayed as people that need help (much in the same way that African-American gangsters were showcased in Slam.) The film turns in fine performances by it's two leads, but also from Hector Elizondo as the hotel manager, and Laura San Giacomo as Julia's prostituting pal. Despite minor cliches and problems, the fun romantic comedy Pretty Woman still gets *** stars.
The Young-Uns: The title character is a prostitute and there is some sexual discussion as well as bad attitudes towards her. There is also some mild language. Good Age: 12 & Up
A Review by Frankie Paiva The 12 Year-Old Movie Reviewer E-Mail me at<EMAIL_ADDRESS>Visit my website at: http://expage.com/page/teenagemoviecritic
The review above was posted to the
rec.arts.movies.reviews newsgroup (de.rec.film.kritiken for German reviews).
The Internet Movie Database accepts no responsibility for the contents of the
review and has no editorial control. Unless stated otherwise, the copyright
belongs to the author.
Please direct comments/criticisms of the review to relevant newsgroups.
Broken URLs inthe reviews are the responsibility of the author.
The formatting of the review is likely to differ from the original due
to ASCII to HTML conversion.
Related links: index of all rec.arts.movies.reviews reviews