Asset Manager Code of Professional Conduct
Thorough, independent operational due diligence provides investors with a review of investment firms’ operational standards and the ethical conduct of its managers.
In a continuing effort to build market integrity, CFA Institute has made it easier and more efficient to adopt the Asset Manager Code. It will also begin requiring annual notification of compliance.
The asset management industry needs to strive to become a profession that is signified by an impassioned commitment to set aside self-interest for the sole purpose of meeting client outcomes
Pension plan sponsors, including CalSTRS, CalPERS, and PRIM, have signed a letter endorsing our Code. Its timing coincides with several of our initiatives, including Putting Investors First Month.
As more institutional funds include questions about the Asset Manager Code in their RFPs, investment managers will further recognize the business rationale of compliance.
Public views of banks and financial services remain largely unchanged while media ranks as the least-trusted institution in the survey.
World’s largest asset manager is latest firm to pledge ethical behavior to shape a more trustworthy financial industry.
CFA Institute offers several resources to help investment committee volunteers carry out ethical obligations.
The view that a corporate culture promoting ethical behavior represents a competitive advantage for asset managers is gaining momentum in Asia.
For asset managers there are many effective ways to raise the level of trust by increasing ethical behavior firm-wide. One way to accomplish this is proper, fair, and uniform presentation of investment performance.