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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ArchivedEffective: 1 March, 2006 - 31 October, 2012Categories: Composite ChangesSource: GIPS Handbook, 2nd Edition
We are changing our investment process and the personnel involved in the management of a UK Fund. The risk and return objectives will be lower, and the fund will be predominantly analyst run rather than the previous ‘portfolio manager’ run. Does this require a change in composite?
The firm must determine if the changes in investment process and personnel will result in a change in the investment strategy of the portfolios in the composite. If the firm determines that the changes result in a different investment strategy for the portfolios, then changes to the client guidelines for the portfolios in the existing composite must be documented. If this will be a new investment strategy offered by the firm, a new composite will be started with a current composite creation date and no composite history.
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