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 […]
Continue ReadingGIPS 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 […]
Continue ReadingCompliance Framework for Advertising
The U.S. Securities and Exchange Commission (“SEC”) has not outlined many specific requirements related to how historical investment performance results should be calculated and presented in advertisements and other forms of marketing, but they do have several general expectations. Investment advisers registered with the SEC who advertise performance should establish […]
Continue ReadingGIPS EC Rings Nasdaq Closing Bell
In honor of the 30th anniversary of CFA Institute’s investment performance standards (GIPS® and their predecessor, AIMR-PPS®), CFA Institute staff and members of the GIPS Executive Committee (including one of Guardian’s principals, Arin Stancil, shown to the right of center, 2nd row, in the picture above) ring the Closing Bell at […]
Continue ReadingRevised Guidance for Presenting Supplemental Information
Revised Guidance for Presenting Supplemental Information – Public Comment Period Open The revised Guidance Statement on the Use of Supplemental Information exposure draft has been released for public comment. This revised guidance provides new and more detailed interpretation on the treatment of performance and performance-related information both within and outside […]
Continue ReadingCFA Institute GIPS Notification Form Updated
The revised GIPS Compliance Form for notifying CFA Institute when firms claim compliance with the GIPS standards is now available. This update reflects the continuation of the requirement initiated in 2015. The form needs to be submitted to CFA Institute by all firms that claim compliance with the GIPS standards […]
Continue ReadingGIPS® Tackles Mutual Funds
The GIPS standards are based on the principle of consistency and comparability of investment performance results. To achieve this objective, the Standards create a framework that firms which choose to claim compliance must abide by. This framework includes prescribed methodologies that firms must use when calculating performance and a standardized […]
Continue ReadingNew Appointments to GIPS® Committees
Earlier this month, CFA Institute announced the appointment of new members to the committees and country sponsor organizations responsible for oversight and development of the Global Investment Performance Standards (GIPS®). Congratulations to Arin Stancil, Principal at Guardian Performance Solutions, for being appointed to serve on the GIPS Executive Committee and […]
Continue ReadingVariations of Hypothetical Performance
Investment advisers will often use hypothetical performance results to market their investment track record. One common reason this is done is when a firm is trying to launch a new strategy that they do not currently manage assets for. Another reason could be that the manager feels that the hypothetical […]
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