You’ve probably seen this bumper sticker that reads something like “Don’t follow me, I’m lost too.” Well, an analogous idea arises in school, when you look at what a neighboring student answered to an exam question, thinking that they surely got it right. But what if they didn’t? A sure way to get caught cheating […]
Read MoreLooking for ways to simplify GIPS compliance Let’s face it: complying with the Global Investment Performance Standards (GIPS®) can be a challenge. And so, why not look for ways to simplify the process? Here are a few ideas you may find of interest. Get off of spreadsheets GIPS compliance requires technology. But too many firms […]
Read MoreGIPS compliance brings more than opportunities Since its introduction nearly 20 years ago, the Global Investment Performance Standards (GIPS®) has brought with it much more than greater marketing opportunities, piece of mind, and improved operations. Just its mere mention can invoke fear, angst, nervousness, trepidation, and similar unpleasant responses. I suspect that this is not […]
Read MoreSteps to GIPS compliance, if you’re not quite ready to comply We were recently asked the following: “Do you have any recommendations or best practices we should be employing now to provide an easier transition to GIPS® reporting in the future?” I guess we’d call these “preliminary steps to GIPS compliance.” I.e., to help “lay […]
Read MoreGIPS Survey Time The GIPS(R) Executive Committee has posted a survey here, and they’d like your input. The survey will only take you a few minutes. One question they ask is what changes you’d make to the Standards. I offered three: Change the composite return from an asset-weighted one to an equal-weighted one. This was […]
Read MoreOnce a firm has achieved compliance with the Global Investment Performance Standards (GIPS®), they are faced with the challenge of maintaining GIPS compliance. What do we mean by that? Well, such things as: Keeping up with the Standards (being aware of changes, the issuance of new guidance statements and the distribution of new Q&As) Handling new […]
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Earlier this week, I wrote a guest blog post for STP Investment Services on the What, Why and Who of the GIPS Standards. Good summary info for CIPM Principles candidates! Read the blog post here!
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In the world of GIPS compliance and composite presentations, there is “supplemental information” and there is also “additional information”… but what is the difference? When I explain these concepts to students in The Spaulding Group’s classes or to our verification clients, I tell them it is helpful to think of the following concepts: required information: […]
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