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Performance

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

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Alternative Asset Managers and the GIPS Standards
June 25, 2019

Every few years, ACA Compliance Group and eVestment release a joint survey that queries industry participants on the value of compliance with the GIPS standards. One continual trend that we have noticed is an uptick in interest among alternative asset managers in the GIPS standards.

Increased Demand from Credit Managers Claiming GIPS Compliance
June 4, 2019

Claiming compliance with the Global Investment Performance Standards (GIPS) is gaining significant traction with credit asset managers due to the increased demand from institutional investors.

Industry Groups and Experts Align for Increased Transparency in Private Market Performance
May 9, 2019

Just when we thought the upcoming Uber IPO was the biggest news in private markets, we get a hot take from the Oracle of Omaha. At the annual meeting of Berkshire Hathaway Inc., Warren Buffett noted “[w]e have seen a number of proposals from private equity funds where the returns are really not calculated in a manner that I would regard as honest; [i]f I were running a pension fund, I would be very careful about what was being offered to me.”

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.

    APS 2018 review blog
    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.

    GIPS Standards
    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 Claiming 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 Standards 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.

    ACA Performance Services blog
    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
    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.