Q & A Database
The GIPS Standards Q&A database contains questions and answers (Q&As) on various searchable topics that provide additional interpretation on an issue. Q&As are considered to be authoritative guidance and must be followed in order to claim compliance with the GIPS standards.
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CurrentEffective: 1 January, 2020Categories: Alternative InvestmentsSource: 2020 GIPS Standards
How should side-by-side funds be handled when calculating performance?
For funds that may have an auxiliary parallel or “side-by-side” fund vehicle, that vehicle should be included in the performance calculation for the entire fund. An acid test for deciding whether to include such a vehicle in the performance calculation is:
If a parallel or side-by-side vehicle’s capital is included to determine the entire fund’s capitalization, then that parallel or side-by-side vehicle must be included in the performance calculations of the entire parent fund. Performance can be calculated separately for the side-by-side fund vehicle as supplemental information but is required to be included in the calculation for the parent.
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