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.
Content from prior Q&As was included in the GIPS Standards Handbook as much as possible and many Q&As were archived. Change the Status drop-down filter to "Archived" to see the archived Q&As.
The GIPS Standards Helpdesk is available for individual questions and typically responds to inquiries within 3 business days.
Search by category, status, date range, and/or keyword.
ArchivedEffective: 18 April, 2018 - 31 December, 2019Categories: Pooled FundsSource: GIPS Executive Committee
We manage pooled funds that are broadly distributed. We typically have no contact with prospective investors in these pooled funds. Are we required to provide a GIPS compliant presentation, which is for a composite, to these pooled fund prospective investors?
No. Firms are required to make every reasonable effort to provide a compliant presentation to all prospective clients. A prospective client is defined as any person or entity that has expressed interest in one of the firm’s composite strategies and qualifies to invest in the composite. A broad distribution pooled fund prospective investor is someone who is interested in a broad distribution pooled fund. Therefore, a prospective investor in such a fund is not required to receive a compliant presentation, which contains information appropriate for a composite strategy and not for a specific fund.