2020 GIPS® Standards – Evolving Real Estate Guidance

One of the objectives that was considered when the 2020 edition of the GIPS standards was drafted was to reduce the amount of asset class specific guidance. The goal was to homogenize the guidance as much as possible so that it could be applied more universally across asset classes. This […]

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2020 GIPS® standards – Explanation of the Provisions

CFA Institute issued the 2020 edition of the GIPS® standards on June 30, 2019 and since has been working on drafting explanations for each provision. From this effort, Explanations of the Provisions in Sections 1, 2, and 3 of the GIPS® Standards for Firms were finalized and released earlier this month.

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Implementing 2020 GIPS® standards

After years of development, the 2020 edition of the Global Investment Performance Standards (the “2020 GIPS® standards”) has been finalized and is now available to the public through the CFA Institute website. The effective date for the 2020 GIPS standards is January 1, 2020,

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2020 GIPS® Standards – Use of Carve-Outs

Under the 2020 GIPS standards, firms are allowed to include carve-outs with allocated cash in composites. This is very positive news as firms often have a desire to demonstrate the performance of sub-strategies that are offered as standalone portfolios or components of multi-strategy portfolios. It is expected that a greater […]

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Firms Must Comply Before They Verify

 Complying with the Global Investment Performance Standards (GIPS®) is not a one‐time project that, once completed, can be checked off a firm’s to‐do list and set aside. GIPS compliance is an ongoing process that requires continuous maintenance and updates. Even if a firm receives a third‐party GIPS compliance verification, ongoing […]

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CalPERS Adopts GIPS® standards

CalPERS Adopts the GIPS standards It was recently announced that the California Public Employees’ Retirement System (CalPERS) adopted the GIPS standards. Adhering to the GIPS standards is a voluntary commitment and considered industry best practice for investment performance calculation and presentation. As one of the largest pension plans in the […]

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How many firms comply with GIPS standards?

More Than 1,650 Firms Now Claim GIPS Compliance Firms that comply with the GIPS standards are required to report to the CFA Institute annually, which allows CFA Institute the ability to track the number of firms that are currently claiming compliance. In an increase from last year, 1,653 firms now […]

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GIPS Pooled Fund Guidance Delayed

Effective Date Delayed for GS on Broadly Distributed Pooled Funds The GIPS Executive Committee has decided to delay the effective date of the Guidance Statement on Broadly Distributed Pooled Funds. The Guidance Statement was scheduled to become effective on January 1, 2018, but the effective date has now been pushed back to January […]

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GIPS 20/20 Update

The 21st Annual Global Investment Performance Standards (GIPS®) Conference was held in San Diego, California, on September 14-15, 2017. A significant focus at the conference was on GIPS 20/20, the next version of the GIPS standards that is currently in development. Two sessions were dedicated to the topic — one […]

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