Glasgow Investment Managers has become compliant with the Global Investment Performance Standards (GIPS) and UK Investment Performance Standard (UKIPS).
Its compliance has been confirmed following an external verification conducted by the WM Company.
Glasgow Investment Managers director Susan Murray said: Glasgow is now one of only a handful of fund management companies to become compliant with GIPS and UKIPS. With the growth of Glasgow's business over the last few years we felt it important that consultants and clients received information that is consistent and comparable.”
She added: We selected the WM Company to undertake the verification process, as we felt that their methodology and approach was consistent with our own and we were able to utilise their technical experience as performance consultants to ensure that the new standards became fully integrated with our existing procedure.
GIPS became effective at the beginning of this year and aims to promote transparency in the presentation of performance statistics on a global basis by ensuring that all relevant funds are included in composites. Explanations of key policies and procedures are included in presentation material.
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