Whenever an investment management firm presents its investment performance as being in compliance with the Global Investment Performance Standards (GIPS), it must state how it defines itself as a firm. Under GIPS, a firm may define itself for the purpose of claiming GIPS compliance using any of the following options EXCEPT when:
A) all assets are managed to one or more base currencies.
B) an investment firm, subsidiary, or division is held out to clients or potential clients as a distinct business unit.
C) the subsidiary or division of a company claims GIPS compliance when the parent company is GIPS compliant.作者: ohai 时间: 2011-7-11 20:09
Kwonyboy Wrote:
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> C
Right, it is C.
A looks weird to me too.... Is it ok to define 'firm' based on the currency managed?作者: skycfa 时间: 2011-7-11 20:09
not sure. but I kinda ignored A because it doesn't make sense to me. I just know that C is incorrect because a sub or divi of a company can't just claim compliance if the parent is compliant.作者: Unforseen 时间: 2011-7-11 20:09
Kwonyboy Wrote:
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> not sure. but I kinda ignored A because it doesn't
> make sense to me. I just know that C is incorrect
> because a sub or divi of a company can't just
> claim compliance if the parent is compliant.
Same. I chose C, but A looks very wrong to me too. Hope this type of q does not appear on June day.作者: strikethree 时间: 2011-7-11 20:09
A isn't wrong; it's just saying a "firm" in GIPS terminology can use multiple currencies in its management (as opposed to saying a firm had to subdivide and obtain GIPS compliance in all its currencies). So that's a true statement, and not the answer.作者: Valores 时间: 2011-7-11 20:09
