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Schweser Exam 2 PM Q8 - GIPS

There’s a GIPS Q in the afternoon exam 2 (Q8) that has the answer as:
“Also, in accordance with the “Disclosures” section of the Asset Manager Code of Professional Conduct, managers must provide returns gross- and net-of-fees. “
This isn’t right, is it?! I thought either were fine and gross was recommended?!

Christ…not GIPS! Ethics…. The tiredness is setting in….. Sorry….

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