by admin | Feb 17, 2010 | GIPS, Global Investment Performance Standards
The CFA Institute announced the release of the newest version of the Global Investment Performance Standards: GIPS 2010. We recommend you get a copy of the new GIPS(R) standards and begin to familiarize yourself with it, as there are loads of changes you’ll need...
by admin | Feb 17, 2010 | GIPS, Global Investment Performance Standards, Madoff
The Global Investment Performance Standards’ (GIPS(R)) latest edition, GIPS 2010, mandates that firms have a written policy to ensure the existence and ownership of client assets (see paragraph 0.A.5). I suggested a few days ago that this was most likely in...
by admin | Feb 12, 2010 | GIPS, Global Investment Performance Standards
If you’re not old enough to remember what undercoating is, I’ll provide a brief explanation. Invariably, if you were going to buy a car 15 years or so ago, the salesman would try to talk you into adding “undercoating.” What was undercoating? It...
by admin | Feb 10, 2010 | GIPS, Global Investment Performance Standards
It isn’t difficult to recognize that some of the changes planned for the Global Investment Performance Standards (GIPS(R)) in 2011 are the result of the misdeeds of one Bernie Madoff. I’ve already commented on the increased attention examinations are...
by admin | Feb 9, 2010 | After-tax, GIPS, Global Investment Performance Standards
You may have heard that the after-tax rules that are in the current version of the Global Investment Performance Standards (GIPS(R)) will be no more, as-of 1 January 2011. And so, what do you do if (a) your firm currently provides after-tax composites that conform to...
by admin | Feb 9, 2010 | GIPS, Global Investment Performance Standards
We learned that one cannot necessarily be an early adopter of the new edition of GIPS. If you want to add items (e.g., the soon-to-be-requirement to have a 3-year annualized standard deviation or the statement about your status vis-à-vis verification), that’s...