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GIPS® Standards for Firms

2020 GIPS Standards for Firms

View the GIPS standards (PDF)

The needs of investment firms are continually changing. To keep pace, the Global Investment Performance Standards (GIPS®) are updated to make them relevant for all firms, including those managing alternative investments and pooled funds.

Key Changes to the GIPS Standards

  • Differentiated reporting for composites versus pooled funds
  • More focus on the portfolio structure and less on asset classes
  • More flexibility for using money-weighted returns versus time-weighted returns
  • Ability to present carved-out performance with allocated cash
  • More options for advertising GIPS compliance

Explanation of the Provisions

Tools and Resources

GIPS Standards for Firms - Errata July 2020 (PDF)

Explanation of the Provisions in the GIPS Standards for Firms Errata – September 2020 (PDF)

Explanation of Provisions Section 2 Calculations

Explanation of Provisions Section 4 Calculations

Explanation of Provisions Section 6 Calculations

GIPS Reports for Firms Comparison Table (PDF)

GIPS Advertising Guidelines Comparison for Firms (PDF)

Suggested Questions for Firms to Ask Verifiers (PDF)

Guidance Statement on Verifier Independence (PDF)

View and sign up to receive the GIPS Standards Newsletter

Follow six steps to comply with the GIPS standards

GIPS Standards Service Provider List (PDF)

Introduction to the GIPS Standards: Increasing Transparency and Trust (PDF)

GIPS Standards for Firms Adopting Release (PDF)

Guidance Statement on Verifier Independence Adopting Release (PDF)

Find the GIPS Standards for Firms on Amazon here

Find the GIPS Standards for Firms Handbook on Amazon here

Find the Explanation of the Provisions - Section 1 on Amazon here

Find the Explanation of the Provisions - Section 2 on Amazon here

Find the Explanation of the Provisions - Section 3 on Amazon here

Find the Explanation of the Provisions - Section 4 on Amazon here

Find the Explanation of the Provisions - Section 5 on Amazon here

Find the Explanation of the Provisions - Section 6 on Amazon here

Find the Explanation of the Provisions - Section 7 on Amazon here

Find the Explanation of the Provisions - Section 8 on Amazon here

Why Should Investment Managers Comply with the GIPS Standards?

  • certificate icon

    Demonstrates commitment to the highest ethical principles for performance reporting

  • balance scale icon

    Establishes a basis for fair competition across all markets

  • line graph icon

    Helps asset managers compete as asset owners shift more assets toward private equity, private debt, real estate, and hedge funds

Already complying with the GIPS standards and ready to submit the GIPS Compliance Notification Form? Start the process now.
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