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Recent Press Releases   

 

CFA Institute Announces New Appointments to GIPS Executive Committee

CFA Institute has announced the appointment of three new members to the GIPS Executive Committee (EC), the decision-making body for the Global Investment Performance Standards (GIPS).

Released 12 July 2010

 

Revised GIPS Standards to Provide New Requirements on Risk and Valuation

Updated GIPS standards are the result of the most comprehensive review since they were first introduced in 1999.

Released 17 January 2010

 

Register for the Upcoming GIPS Executive Committee Open Conference Call

The GIPS Executive Committee will hold an open conference call meeting on Friday 29 January 2010 at 9:00 a.m. ET to review and approve the 2010 version of the GIPS standards.

Released 19 January 2010

 

Get Ready for 2010!

Four provisions, the error correction guidance statement, and a newly released Q&A go into effect on 1 January 2010.

Released 1 December 2009

 

The GIPS Standards Expand to Sri Lanka

The GIPS Executive Committee is pleased to announce that CFA Sri Lanka has been endorsed as the official sponsor of the Global Investment Performance Standards (GIPS) in Sri Lanka. 

Released 20 November 2009

  

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GIPS in the News

 

Revised GIPS standards focus on pricing and risk management

Buy-Side Technology / 1 March 2010

Excerpt: The CFA Institute, the Virginia-based investment industry group, has rolled out a new version of its Global Investment Performance Standards (GIPS) emphasizing stronger valuation and risk management practices.

 

Reasons to be Cheerful about GIPS Standards

Financial Times / 28 February 2010

Excerpt: The recently released Global Investment Performance Standards outline new criteria for presenting investment performance to potential investors. Jonathan Boersma discusses these standards and why an investment firm would want to implement them.

 

New GIPS launched 

Excerpt: NAPF PolicyWatch / 26 February 2010

After more than a year in preparation the latest and most comprehensive version of GIPS has just been released and can be found here. Called GIPS 2010 its provisions become effective on 1 January 2011. The revised version reflects the joint co-operation with the CFA Institute and country sponsors in over 32 countries. The NAPF as joint sponsor of UKIPC (along with the ABI and IMA) has contributed extensively to the update.
 

As members will know compliance with the GIPS standards improves investor confidence because they know that the performance information is fairly presented and fully disclosed. By adhering to a universal set of standards that apply to investment management firms worldwide, investors are better served because firms are required to fully disclose their past performance based on the same criteria. This assists pension schemes and other investors in making fair-comparison when selecting an investment firm.
 

The revised standards contain a great number of technical amendments as well as significant changes including Fair Value, Risk and Compliance. Of particular interest to pension schemes is the introduction of a Compliance Statement and Verification Status. The revised GIPS standards will require firms to disclose their verification status together with a description describing what is and what is not covered by verification. The NAPF continues to strongly support independent third party verification believing in the important reassurance that verification offers to investors.

 

GIPS Given Extensive Revamp

Investment Advisor / 24 February 2010

Excerpt: The CFA Institute has published what it has called the “most comprehensive” set of standards for investment firms. These include the fair valuation of assets when no market value is available and the disclosure of standard deviation of the returns of funds and the benchmarks.

Updated GIPS targets risk and compliance
I&PE / 18 February 2010
Excerpt: Revisions to the Global Investment Performance Standards (GIPS) will come into force in January 2011 requiring fund managers to publish a compliance statement on how they have met the GIPS standards and whether they have been verified.


Read more GIPS in the news