ACA Spotlight Blog

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Performance

Insights and guidance from ACA's team of experienced compliance and technology professionals.

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ACA Spring Conference 2019 Miami
March 19, 2019

In less than two months, hundreds of compliance and performance professionals will be arriving in Miami for ACA’s Spring 2019 Compliance and Performance Conference. This year’s event will mark the fifth anniversary of ACA’s performance track, focused exclusively on issues related to performance measurement and the GIPS standards.

ACA Performance GIPS Standards Adoption
March 6, 2019

With each release of a new version of the GIPS standards, ACA Performance Services has noticed an increase in the rate of adoption among all types of firms, as well as increased interest in third-party verification. Historically, this interest and adoption has come primarily from more traditional asset managers that manage separate accounts and are invested in public securities.

2019 GIPS Compliance Notification Form Now Available
February 21, 2019

Firms that claim compliance with the GIPS standards are required to notify CFA Institute of their claim of compliance. Each GIPS-compliant firm must submit the GIPS Compliance Notification Form by June 30 of each year.

    ACA Performance Standards Year in Review
    December 27, 2018

    With the New Year upon us, what better time to reflect on an unforgettable year? The last 12 months have been a period of remarkable growth and transformation across ACA’s Performance Division.

    Asset Owners Growing Interest in GIPS Compliance
    October 26, 2018

    The popularity and worldwide adoption of the the GIPS standards by investment management firms is largely due to demand by asset owners. In the interest of risk management, asset owners increasingly require external investment managers to comply with the GIPS standards. Recently, more asset owners have begun to apply the same principles to their own performance reporting and ACA Performance Services is seeing growing interest in attaining GIPS compliance among the asset owner community.

    OCIOs Claim GIPS Compliance
    October 16, 2018

    The release of the Exposure Draft of the 2020 Global Investment Performance Standards (GIPS) in August has forced many firms to assess how the new requirements will impact their business, both from marketing and operational perspectives. Not only will this impact firms currently claiming compliance with the GIPS standards, but also those considering doing so.

    2020 GIPS Standards Exposure Draft
    September 6, 2018

    CFA Institute released the first major revisions to the GIPS standards on August 31, 2018. The proposed revisions represent the most significant change to the standards since the 2010 edition of the GIPS standards went into effect on January 1, 2011. The 2020 GIPS Standards Exposure Draft is now available for public comment until December 31, 2018.

    GIPS Compliance Marketing Best Practices
    July 27, 2018

    The end result of a firm’s efforts when claiming compliance with the GIPS standards is the delivery of a fully compliant presentation to prospective clients. This article addresses best practices for marketing when claiming compliance with the GIPS standards.

    Implementing the GIPS Standards
    July 23, 2018

    Compliance with the GIPS standards is recognized as an industry best practice and has become a de facto requirement, especially in the institutional money management space, in order to stay competitive.

    Asset-Weighted Dispersion GIPS Compliance
    June 26, 2018

    A GIPS-compliant presentation contains a number of required statistics. One such metric is the internal dispersion of individual portfolios within a composite. The GIPS standards do not prescribe a specific methodology (as long as the measure that is selected is applied consistently) and thus many firms struggle with this calculation.

    GIPS Record Portability
    June 7, 2018

    Portability refers to the ability of a GIPS-compliant firm to present a track record that was achieved at another firm. When one firm hires a portfolio manager, there is usually a desire to market the portfolio manager’s track record while employed at the prior firm.