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.

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Effective

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1 Result

Archived

Effective: 1 October, 2007 - 31 October, 2012

Categories: Performance History/Track Record

Source: GIPS Executive Committee

One of our composites temporarily lost all of its member portfolios resulting in a “break” in performance. The inception date was 1 January 2004 and there were 10 accounts in the composite through 31 July 2005. As of 1 August 2005, 6 portfolios were liquidated and 4 fell below the minimum account size leaving the composite with no portfolios. On 30 April 2006, 2 of the portfolios that had previously fallen below the composite minimum exceeded the minimum account size, effectively reinstating the composite with the same strategy. How should we present this composite’s compliant presentation as of 31 December 2007?

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