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. A firm’s claim of GIPS compliance facilitates “apples-to-apples” comparisons between investment managers for prospective clients and fosters invaluable client trust.
Investment advisers need an infrastructure for GIPS compliance that can survive an SEC examination. While there are many similarities between the rules under the Advisers Act and the requirements of the GIPS standards, there are also notable differences. Please join the panelists for a discussion of best practices to address both GIPS and SEC requirements.
Panelists will share a high-level overview of their experiences in tackling some of the regulatory and performance challenges around portability, mergers and acquisitions, and performance advertising.
Please join us for a complimentary breakfast seminar focused on industry updates from the 21st Annual GIPS Standards Annual Conference in San Diego. The 2017 conference will celebrate the 30th Anniversary of the GIPS standards and will share more about GIPS 2020.
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.
The GIPS® Technical Committee recently released three new GIPS Q&A’s that are all effective as of April 18, 2018. The Q&As provide clarification on Supplemental Information as well as guidance on Broadly Distributed Pooled Funds.
Please join ACA Performance Services for a complimentary breakfast focused on industry updates related to investment performance. During the presentation, ACA Performance Services’ Greg Hogan and Karen Foley, and Acadian Asset Management's Daryl Bradford will discuss:
Please join ACA Performance Services for a complimentary breakfast focused on industry updates related to investment performance. During the presentation, ACA Performance Services’ Julia Reyes and Karen Foley, Nuveen Investments' Ronald Stutes, and Cohen & Steers' Alex Shafran will discuss:
More firms continue to be implicated as fallout from the F-Squared Investments, Inc. enforcement action continues. The latest development occurred March 22, when a federal judge ordered that F-Squared founder and former CEO Howard Present personally pay $13 million, including a $1.58 million civil money penalty, following his loss at trial this past October. This is a direct result of the Securities and Exchange Commission’s (SEC) increased focus on how advisers present third-party investment performance.
ACA Performance Services is pleased to present, GIPS® Committees and Working Groups, a white paper summarizing frequently asked questions from a sample of our clients about GIPS Committees.
Maintaining a GIPS committee or an informal working group
Application of a GIPS committee within startup firms as well as established global entities
Frequency of committee meetings
Committee meeting topics and activities
Firms of all sizes frequently ask about the relevance and importance of forming a GIPS® Committee within their organization. Startup firms debate whether a GIPS Committee provides any added value when limited personnel causes constraints on resources. Conversely, well established, global entities often see the added value in having a committee but must weigh the operational burdens involved.