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Recent Press Releases
The GIPS Standards Expand to Russia
The National League of Management Companies (NLU) has been endorsed as the official sponsor of the GIPS standards in Russia
Released July 31, 2008
GIPS Executive Committee Announces New Council and Verification/Practitioner Chairs
The GIPS EC announced the addition of two new members: Neil Riddles, CFA, CIPM, and Carl Bacon, CIPM
Released July 31, 2008
The GIPS Standards Expand to Canada
The Canadian Investment Performance Committee has been endorsed as the official GIPS sponsor in Canada.
Released 19 June, 2008
GIPS in the News
Investment Performance Reporting: From Obligation to Differentiator
HedgeWorld News / 11 September 2008
Excerpt: Given the current economic environment, the investment management industry is facing increased scrutiny from all its stakeholders. One of this sector's pressing needs is adoption of the right processes, procedures and controls to ensure that reported and marketed performance figures are represented accurately and in a timely fashion.
GIPS (Global Investment Performance Standards) is a set of protocols established in 1999 by the CFA Institute and adopted by firms in more than 25 countries. These standards govern the presentation of investment performance results by asset management firms. From a risk perspective, they provide a roadmap that enables potential investors to evaluate comparable performance results based on fair representation and full disclosure.
Fund Management: Tool That Helps to Benchmark Funds
Financial Times / 11 February 2008
Excerpt: GIPS, a product of self-regulation rather than externally imposed standards, are employed by the majority of large fund managers in developed economies. They demand that managers provide a standardized presentation of fund performance so they can be compared with rival offerings.
Advisors Urged to Adopt More Stringent Reporting
Methods in Line with Mifid
Citywire / 9 January 2008
Excerpt:
'GIPS is a level of reporting standard that many of the
ultra-high-net-worth clients opt for when choosing a reporting method,
and therefore wealth manager. Given that these individuals are the jewels
of a relationship manager's client base, it makes financial sense for
institutions to ensure client reporting is as sophisticated as the
products it covers,' he said.
Journal of Performance Measurement Interview with GIPS Executive Director Jonathan Boersma, CFA
The Journal of Performance Measurement / Fall 2007
Jonathan Boersma, CFA is director, investment performance standards, at the CFA Institute Centre for Financial Market Integrity. He is responsible for managing the Investment Performance Standards Policy Group; promulgating the Global Investment Performance Standards (GIPS®) positions, policies, and standards; and coordinating and supporting related educational and public awareness activities.
SEC Alert Sparks Review Of GIPS Compliance
FundFire / 12 September 2007
Excerpt: “I think it’s great to bring attention to this issue,” says Jonathan Boersma, executive director of GIPS at the CFA Institute Centre for Financial Market Integrity. Although voluntary, adherence to GIPS has become a de facto requirement for institutional managers looking to assert the credibility of their performance statements. CFA Institute released a revised set of standards in early 2005, which went into effect at the start of 2006. The September-October edition of the institute’s CFA Magazine explores the details of the SEC alert and outlines several steps firms might take to shore up their GIPS compliance.
Read more GIPS in the news