ABC corp established since 1986. The firm become GIPS-compliant on 1/1/2001 and prepared composite performance presentation for the period 1996-2000 period (in compliance with GIPS).
Assum now is 2013…
Because of poor performance for period prior 2001, the company drops figures for the period (1996-2001) from their current presentation (just show performance start from 2002 to 2012).
Does this comply with GIPS?作者: andytrader 时间: 2013-4-20 03:12
Yes for presentation….but that performance will still be in their since inception track record number right?? So they aren’t really fooling anyone with that, but maybe their 1-3-5-10 year numbers will look great作者: PalacioHill 时间: 2013-4-20 03:14
it sounds ok, but dropping return periods because of poor performance does not exactly meet the spirit of fair representation and full disclosure.
