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.
GIPS Standards for Firms - Errata July 2020 (PDF)
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
Why Should Investment Managers Comply with the GIPS Standards?
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Demonstrates commitment to the highest ethical principles for performance reporting
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Establishes a basis for fair competition across all markets
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Helps asset managers compete as asset owners shift more assets toward private equity, private debt, real estate, and hedge funds
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