GIPS presentation: 8-1? required, provide, turning, return

redskins44

There are 8 items required for GIPS presentation:
1) Annual Returns
2) Total Return (%)
3) Benchmark return (%)
4) Measure of internal dispersion if  5 portfolios
5) Number of portfolios if  5
6) Total Composite Assets at EOP
7) % of Firm Assets
8) Total Firm Assets
Questions:
a) If you provide 6 & 8, then 7 is readily calc’able. So, if 7 is excluded, is that a violation?
2) If you provide 6 & 7, then 8 is readily calc’able. No 8=violation?
PS: Thanks to the CFA Inst for turning this into a ‘how will they try to trick us on the GIPS’ session.

cjs238

Final words by Mchigi - client can do % calculation for themselves.

wake2000

It’s either the percentage of the firm’s total assets in the composite or the amount of total firm assets.
Check CFA Vol. 6 p. 308

infinitybenzo

I agree with APP

John10

Nah I think you’re incorrect there. Pretty sure it’s Total firm assets and % of firm or total firm assets and assets per composite (at period end)

Windjam

Questions:
a) If you provide 6 & 8, then 7 is readily
calc’able. So, if 7 is excluded, is that a
violation?
2) If you provide 6 & 7, then 8 is readily
calc’able. No 8=violation?
It’s my understanding that you must present it all – the client shouldn’t have to do the calculations.