The GIPS® standards are a set of ethical principles used by investment management firms in order to establish a globally standardized, industry-wide approach to creating performance presentations that communicate investment results to prospective clients. The underlying spirit of the Standards is fair representation and full disclosure. CFA Institute created and continues to administer the GIPS® standards and partners with organizations around the world, such as CFA Society Greece, to promote the GIPS® standards.
To facilitate and maintain the integrity of the GIPS® standards, new performance standards are created as needed by the industry and new procedures and controls are implemented to ensure that the GIPS® standards are consistently applied, interpreted, and expanded with broad solicitation of public comments.
CFA Institute released the 2020 edition of the Global Investment Performance Standards (GIPS®), in effect as of 1 January 2020. This marks an important milestone in the evolution of the GIPS® standards to ensure their relevance for all asset classes and asset managers.
The updated GIPS® standards are based on industry best practice and input received during the public comment period. The changes empower more investment managers and asset owners to embrace investment performance transparency and industry-wide comparability.
The 2020 GIPS® standards include chapters for each of the three key audiences:
GIPS® Standards for Asset Owners
GIPS® Standards for Firms
GIPS® Standards for Verifiers
CFA Institute distributes a monthly newsletter to thousands of subscribers worldwide with announcements related to the GIPS® standards. To subscribe to the GIPS® newsletter, please write to [email protected].
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