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.

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  • Archived

    Effective: 1 March, 2006 - 31 October, 2006
    Categories: Benchmarks
    Source: GIPS Handbook, 2nd Edition

    Our firm had a composite which lost all of its constituent portfolios for one quarter. May we continue our track record without interruption by using the benchmark return as a simulated return for the missing quarter of performance?

    No, firms may not link simulated performance to actual performance earned by the firm and represent the history as that of the firm. Composite returns must represent performance of only actual discretionary assets under management.

    Please also see updated Q&A