 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
|
 |
At Absolute Performance Verification, we can attest to the consistency, fair representation and full disclosure of performance results in accordance with the CFA Institute's Global Investment Performance Standards (GIPS).
While investment performance standards evolve to fit our constantly changing investment management environment, investors benefit when they participate in vehicles from GIPS-adhering firms. Investment managers benefit because the investor's confidence in performance returns increases. Both the investor and the investment manager profit from the uniformity and integrity that undergoing an independent third-party performance verification imparts.
GIPS Compliance Benefits Your Firm
The GIPS process allows firms to analyze their intended investment strategies, to evaluate their client's implemented strategies, and to examine the firm's compliance process.
Verification will expand your marketability, improve your internal policies and procedures, and develop thorough and consistent investment performance return calculations to ensure correct composite construction.
As securities industry professionals, we at Absolute Performance Verification know how the CFA Institute standards apply to investment managers. You can profit from our experience and accumulated knowledge. Our commitment to your success is an enduring partnership: we are available anytime to answer your questions on GIPS verification and address your concerns.
Our Advice Gets You Through the GIPS Process
We provide the counsel and advice that takes your firm through the verification process painlessly. Most firms question their compliance to the GIPS standards,and the professionals at Absolute can help answer your concerns.
The primary purpose of an independent third-party verification is to provide increased assurance that a firm claiming compliance with GIPS standards has indeed adhered to the standards on a firmwide basis. But Absolute's work does not stop there. We strive to exceed your expectation via detailed evaluations of your firm's processes, procedures and methods.
Verification is performed with respect to the entire firm, not on specific composites, and it confirms:
- that the investment firm has complied with all of the composite construction requirements of CFA Institute standards, and
- that the firm's processes and procedures are designed to calculate and present performance results in compliance with the standards.
Provisions of the Global Investment Performance Standards
Input Data
Consistency of input data is critical to effective compliance with and establishes the foundation for full, fair and comparable investment performance presentations. The standards provide the blueprint for a firm to follow in constructing this foundation.
Calculation Methodology
Achieving comparability among investment management firms' performance presentations requires uniformity in methods used to calculate returns.
Composite Construction
A composite is an aggregation of a number of portfolios into a single group that represents a particular investment objective or strategy. The composite return is the asset-weighted average of the performance results of all portfolios in the composite.
Disclosures
Allow firms to elaborate on the raw numbers provided in the presentation and to give the presentation's end user the proper context in which to understand the performance results.
Presentation and Reporting
After constructing the composites, gathering the input data, calculating returns and determining the necessary disclosures, the firm must incorporate this information in presentations based on the guidelines set forth in GIPS for presenting the investment performance results.
Our goal is to provide distinctly superior work and exceptional service at a fair price. We guarantee your absolute satisfaction.
