For the 2016 reporting period, 1,608 firms globally claim compliance with the GIPS standards and 86% of those firms went through third-party verification of their compliance.
Asset owners now have more effective tools to promote best practice based on the ethical principles of fair representation and full disclosure.
World’s largest asset manager is latest firm to pledge ethical behavior to shape a more trustworthy financial industry.
Marketing an unproven trading strategy using theoretical results and tiny disclosures sounds underhanded, but it is fairly common in the investment industry.
Why collect this information? Many are curious about the state of GIPS compliance and the competitive implications of these trends.