Updates to GIPS Reports in Response COVID-19 Firms claiming compliance with the Global Investment Performance Standards (GIPS®) are required to submit an annual GIPS Report for distribution to prospective clients and investors. However, CFA Institute recommends updating the report on a quarterly or semi-annual basis. Many firms include annual time-weighted returns [...]
Reminder: Annual GIPS® Notification Renewal Due June 30, 2020 Firms and asset owners claiming compliance with the Global Investment Performance Standards (GIPS®) are required to notify CFA Institute of their claim of compliance annually by June 30. The required information is minimal, including: firm or asset owner name; primary and secondary [...]
How GIPS® Compliance Can Help Grow AUM The Global Investment Performance Standards (GIPS®) are voluntary ethical standards for calculating and presenting investment performance based on the principles of fair representation and full disclosure. One of the main reasons why firms choose to comply with the GIPS standards is to gain a [...]
CFA Institute’s Online Resources for Firms Claiming Compliance with the 2020 GIPS® Standards CFA Institute’s website has a great list of resources for firms claiming compliance with the Global Investment Performance Standards (GIPS®). Most items relate to the 2020 edition of the GIPS Standards that was released on June 30, 2019. [...]
GIPS® Standards Provisions Specifically Tailored to Asset Owners Asset owners have always been able to claim compliance with the Global Investment Performance Standards (GIPS®) if they have discretion over their assets. Historically, however, the GIPS standards focused on firms that manage assets for clients and compete for business, making it challenging [...]
What is a GIPS® Standards Verification for an Asset Owner? Verification is a process by which an independent verifier conducts testing of an asset owner on an asset owner-wide basis in accordance with the required verification procedures of the Global Investment Performance Standards (GIPS®). A verification tests whether an asset owner’s [...]
What is a GIPS® Standards Verification for Firms? Verification is a process by which an independent verifier conducts testing of a firm on a firm-wide basis in accordance with the required verification procedures of the Global Investment Performance Standards (GIPS®). A verification tests whether a firm’s policies and procedures for [...]
SEC Proposes Changes to Advertising and Solicitation Rules WHAT HAPPENED? On Nov. 4, 2019, the Securities and Exchange Commission released proposed amendments intended to modernize the advertising and solicitation rules under the Investment Advisers Act. After several decades of unchanged rulemakings, the Commission is in the process of amending the outdated [...]
10 Steps You Can Take to Get Your Presentations Ready for the 2020 Edition of the Global Investment Performance Standards (GIPS®) Have you considered adopting the 2020 edition of the GIPS standards early? For some firms, it may not be as challenging as anticipated and might make sense to do this [...]
Enabling Firms to Present Pooled Fund Specific Performance With the 2020 edition of the Global Investment Performance Standards (GIPS®), firms are now able to present pooled fund specific performance. The changes pertaining to pooled funds were made to better accommodate the marketing of pooled funds. The hope is that more [...]