Performance is an investment manager’s calling card. It is what keeps clients and wins new ones. The ability to promote your firm’s performance is a competitive necessity.
Equally essential, however, is that clients and prospects can trust the integrity and fairness of your performance claims.
That is why the CFA Institute (the body that confers the Chartered Financial Analyst certification) implemented the Global Investment Performance Standards or GIPS.
Based on the underlying principle of “full disclosure and fair representation,” GIPS is just what the name implies—a worldwide set of standards for measuring, calculating, and presenting aggregate gain and loss percentages in discretionary, managed investment accounts.
While compliance with the GIPS standards is voluntary, institutional investors usually require their portfolio managers to be in compliance with the Standards and often even go a step further and require verification of compliance by an independent party with GIPS expertise.
This Advent Software looks at GIPS and the role of technology in achieving compliance.
- The Evolution of Performance Reporting Standards
- GIPS in a Nutshell: Creating Composites
- Tips and Tricks for Building Composites
- Why Comply?
- Are You GIPS Compliant?
- Twelve Steps to GIPS Compliance
- Don’t Just Comply — Verify
- Common Obstacles to GIPS Compliance
- Options for Implementing a GIPS Compliance Program
- GIPS Policy and Procedure Checklist
- The Role of Technology
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