Global Investment Performance Standards (GIPS®)
The latest regulatory developments and the current state of SEC examinations, among other topics, will be front and center at the GIPS Standards Conference in Chicago.
CFA Institute voluntary standards provide guidance for firms looking to establish policies for how errors in investment performance should be handled.
We hope to see more regulators look to the GIPS standards as a set of best practices they can rely on, which will continue to help CFA Institute meet our goal of protecting investors.
What happened at PSERS? And would compliance with standards for calculating and presenting performance have been valuable in this situation?
We asked firms if they comply with the 2010 edition, the 2020 edition, or neither. The majority of firms (74%) still claim compliance with the 2010 new edition. Only 9% have adopted the 2020 edition.
Key takeaways from the conference that may assist you as your firm transitions to the 2020 edition of the GIPS standards.
Eddie Chan, CFA, CIPM, Director, Professional Conduct Enforcement, and Global Industry Standards, APAC, recently interviewed Daniel A. Roland, CIMA, AIFA, MBA, executive director of the Asia Pacific Association for Fiduciary Studies (APAFS). The association is our Global… READ MORE ›
CFA Institute is updating its Global Investment Performance Standards (GIPS®), and listening to stakeholders’ needs is key to evolving them to be truly universally applicable to all asset types.
As CFA Institute celebrates the 30th anniversary of performance standards, there is cause to celebrate that approximately 1,600 firms claim compliance with the Global Investment Performance Standards (GIPS®) and that there are 40+ GIPS Sponsors supporting the GIPS standards…. READ MORE ›
Regional representatives learn more about GIPS 2020 and use design thinking to create action plans for promoting the GIPS standards.
The independence of a verifier assessing the correctness of performance reports is critical. The new GIPS® guidance statement from CFA Institute further clarifies this important role.
Complying with the GIPS® standards is a significant undertaking with many nuances. Firms and consultants alike often have questions, and the GIPS team works hard to provide resources to help.
The broad reach of the GIPS standards grows significantly with the addition of GIPS Sponsors in Saudi Arabia and China.
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.
In a step toward being relevant for all investment vehicles and in response to requests from the industry, new guidance on applying the GIPS® standards to pooled funds will be available soon.