The Global Investment Performance Standards (GIPS) provide a voluntary framework for investment managers to use in presenting their investment performance. GIPS compliance has become increasingly important, particularly when dealing with institutional investors who often insist upon it.
GIPS verifications test whether a firm has complied with the GIPS composite construction…more
The CFA Institute created and administers the GIPS Standards. However, a recent ruling in an SEC case demonstrates that while the SEC did not develop the GIPS Standards, it will take action against investment advisors that falsely claim compliance or omit key disclosures.
The case, originally filed by the SEC…more
The Firm originated as a provider of financial advisory and investment management services to primarily state and local governments and non-profit institutions.
The Global Investment Performance Standards (GIPS) were created and funded by the CFA Institute to provide an ethical framework for the calculation and presentation of the investment performance history of an investment firm. Many investment firms understand that GIPS verifications are the primary key to gaining access to institutional assets…more
The Investment Advisor is a privately-owned investment management firm that follows a disciplined, value-based investment approach.
Many investment advisors follow the Global Investment Performance Standards (GIPS) to bolster the credibility of their performance results. However, not all firms are able to claim compliance with GIPS. A non-GIPS examination report can add credibility to a firm’s performance results without the firm having to apply the…more
Global Investment Performance Standards (GIPS) are broadly accepted, voluntary global standards for calculating and presenting investment performance. The standards are ethical principles that promote fair representation and full disclosure of investment performance to prospective clients.
By standardizing investment performance reporting, investors around the world gain the additional transparency needed to…more
On Friday, January 29, 2010, the GIPS Executive Committee (EC) approved the 2010 version of the GIPS standards. The EC, which serves as the decision-making authority for the GIPS standards, continually updates the standards through interpretations, guidance, and new provisions. In 2008, the EC (working with technical committees and…more
In 2008, the GIPS Guidance Statement on Error Correction (the Guidance Statement) was adopted. The effective date of this guidance statement is January 1, 2010. We have summarized some of the key points of the Guidance Statement below and have provided additional implementation considerations. Please feel free to contact us…more