You can report either for general GIPS. Real Estate and PE have separate requirements. I BELIEVE its Real Estate gross is required and PE both are required. Don’t quote me on that.
Standard: You can report net or gross, you just have to disclose which
Real Estate: You can report net or gross, you just have to disclose which, but it’s recommended that you show both
Real Estate Composites: Net
Private Equity: Net and gross
I still can not find net of fee return is required in composite presentation . It only stipulate you can choose gross of fee or net of fee . They recommend gross of fee.
发表于 2013-4-12 21:31
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