Ireland's investment performance standards have become the first set of guidelines to be accepted as a country version of the Global Performance Investment Standards (GIPS).
The Irish Association of Investment Managers submitted its investment performance standards to the Investment Performance Council (IPC), which oversees the US-based Association of Investment Management Research, in Los Angeles on May 18, 2001.
The UK investment performance standards and the Swiss performance benchmark recently made their submissions for GIPS verification. The outcome of these submissions will be disclosed within the next few months.
IPC chairman John Stannard said the key points of GIPS are fair representation of performance records as well as full disclosure on issues such as company representation and management status.”
By Janet Du Chenne
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