GIPS
The "Guidance Statement on Firms Managing Only Broad Distribution Pooled Funds" addresses how firms that manage only BDPFs can claim compliance with the GIPS standards.
The numbers speak for themselves: GIPS compliance matters!
CFA Institute voluntary standards provide guidance for firms looking to establish policies for how errors in investment performance should be handled.
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 ›
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.
Those firms represent 60% (more than $46 trillion) of the world’s assets under management ($78 trillion).
Why is this tool needed? What specific industry need does it respond to? How will it be used?
World’s largest asset manager is latest firm to pledge ethical behavior to shape a more trustworthy financial industry.
Why collect this information? Many are curious about the state of GIPS compliance and the competitive implications of these trends.