Steps to GIPS compliance, if you're not quite ready to comply We were recently asked the following: “Do you have any recommendations or best practices we should be employing now to provide an easier transition to GIPS® reporting in the future?” I guess we'd call these...
Performance Perspectives Blog
Thoughts on performance measurement from David Spaulding and other members of our team.
Preparatory steps to GIPS Compliance
read more
Valuing securities with stale prices for GIPS compliance
I am preparing to meet with a hedge fund client who wants to comply with GIPS(R) (Global Investment Performance Standards). As part of this preparation I am revisiting the recently published Guidance Statement on Alternative Investment Strategies and Structures. This...
Important GIPS Standards Updates and New Guidance
GIPS Standards: Important Updates and New Guidance
The Global Investment Performance Standards (GIPS®) continue to evolve, with several important updates provided during the GIPS Standards Update session at the 28th Annual GIPS Standards Conference held on September 17-18, 2024, in San Diego, CA.
Key Takeaways from CFA Institute’s Annual GIPS Standards Conference
The CFA Institute’s 28th Annual Global Investment Performance Standards (GIPS) Conference was held in San Diego, CA on September 17-18. One of the highlights of attending is the chance to reconnect with colleagues, industry contacts, and old friends.
GIPS compliant? What to do about those high market index costs?
TSG has been at the forefront in providing education, information, and research, as well as fostering interaction regarding the high market index costs many firms and institutions are experiencing. We've moderated panel discussions, participated in and...
Overcoming the fear of GIPS compliance
GIPS compliance brings more than opportunities Since its introduction nearly 20 years ago, the Global Investment Performance Standards (GIPS®) has brought with it much more than greater marketing opportunities, piece of mind, and improved operations. Just its...
Don’t Overlook the Draft GIPS Guidance Statement on OCIOs
There was a time when we saw new GIPS® guidance statements introduced on a pretty frequent basis; so much so, many of us were overwhelmed by them.Well, a new one was just introduced that addresses Outsourced Chief Investment Officers, or OCIOs. If your firm or...
Is the SEC Silently Cheerleading for the GIPS Standards?
Thirty-Plus years ago, when the Association for Investment Management & Research (AIMR) launched its Performance Presentation Standards (AIMR-PPS®), the United States Securities & Exchange Commission (SEC) showed support, but never formally endorsed it. Now...
Six best practices to ensure proper distribution and tracking of GIPS® reports
The Global Investment Performance Standards (GIPS®) are a set of guidelines created to help firms calculate and report investment performance to their clients. Compliance with the GIPS standards is voluntary but is considered a best practice for firms looking to differentiate themselves and provide transparency to their clients.
One important aspect of GIPS compliance is the distribution of GIPS reports to prospective clients and/or prospective investors in a Limited Distribution Pooled Fund (“prospects”).
As verifiers, some of the most common deficiencies we see relate to the requirements around the distribution of GIPS reports. In fact, it’s at the top of our Common Mistakes list that we provide to all new clients.
This post may help you explain odd returns caused by the #coronavirus
Odd returns are surfacing, and the coronavirus is the culprit I'll confess to a bit of hyperbole or misdirected blame here. We can't really credit the coronavirus, but the markets have been extremely volatile, and whenever that happens, we are bound to see some odd...