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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
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
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.
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