Composite Minimums: Common Issues Firms have the option to specify a minimum size for composite inclusion. The purpose for establishing a composite minimum is to help define discretion, i.e., a firm feels it needs assets of a certain size to be able to fully implement the strategy. Since these composite [...]
Large Cash Flows versus Significant Cash Flows: Which is Which? It is common for asset managers to be confused by two terms used in the Global Investment Performance Standards (GIPS®) that include the words “cash flows." While they are similar, these two terms have very different meanings and implications. The [...]
Reminder: Annual GIPS Notification Renewal Due June 30, 2019 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 [...]
Best Practices for Meeting the Distribution Requirement Global Investment Performance Standards (GIPS®) Provision 0.A.9. requires firms to 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 [...]