Introduction to the Global Investment Performance Standards (GIPS)Locked: included in All Access

An orientation to the Global Investment Performance Standards: why they exist, who may claim compliance and who gains from it, the key concepts behind them, how composites stop cherry-picking, how the firm and discretion are defined, and what independent verification does and does not prove.

1. 1. Why the GIPS standards exist and who benefitsThe GIPS standards give every investment firm one common, ethical way to calculate and present past performance, so that track records are fair, complete and comparable.Locked: included in All Access11 min
2. 2. Who can claim compliance, and the key conceptsOnly an organisation that actually manages assets can claim GIPS compliance, it must comply with every applicable requirement across the whole firm, and doing so is voluntary.Locked: included in All Access12 min
3. 3. Composites: no cherry-pickingA composite pools every actual, fee-paying, discretionary portfolio run to the same mandate, so a firm's record for a strategy cannot be built from its best accounts alone.Locked: included in All Access10 min
4. 4. Defining the firm, discretion and verificationCompliance starts with drawing the firm's boundary broadly and deciding which portfolios are discretionary; verification is an optional, independent, firm-wide test that adds credibility to the claim.Locked: included in All Access12 min