In May 2001 the Investment Performance Council (IPC), at its in-person meeting in Los Angeles, formally adopted GIPS Ireland as the very first approved country version of GIPS (CVG). That very first CVG, unique to Ireland, incorporated a stiffer deadline for the adoption of a valuation requirement at point of cash flow.
Since then the GIPS Standards have undergone substantial revision incorporating standards for verifiers and asset owners. These revisions incorporated many of the best practices previously expounded in national CVG’s and the need for national CVG’s is now defunct. The GIPS standard now represents the sole investment performance standard globally. A revised version of the GIPS standards, coming into effect from January 1st, 2021, is now available on the GIPS standards website(www.gipsstandards.org).
Acting on behalf of the country sponsor, the Irish Association of Investment Managers, the Country Sponsor Committee reviews all guidance statements issued by the GIPS Technical Committee, and collates feedback from the Irish marketplace within the public comment period for onward submission to the Performance Standards Group to that committee.
The Irish Sponsors committee is made up of the following individuals:
Joe O’Donnell - committee chair, (Link Fund Managers Solutions), Joe Kavanagh, (KBI Global Investors), Anne Golden (State Street GA), Barry Traynor (Fidelity International).
Independent of its function as the country sponsor committee, this group also meets quarterly to discuss matters of common interest to performance measurement professionals, including, but not restricted to, training needs analysis, organisation of training courses, review of third-party vendor services, and other issues of common concern. If any other firm wishes representation on this committee, please in the first instance contact the Society via info@cfaireland.ie
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