Hi Brave Ones,
Just 2 simple questions around GIPS… thought I had understood both right but now I need your inputs.
1) If fund inception was more than 10 years ago (but after 1/Jan/2000), then the firm is required to present a performance record of 10 years?
2) If fund inception was, let’s say 7 years ago (but after 1/Jan/2000), then the firm is required to present a performance record of 7 years?
3) I thought that a minimum of 5 compliant years, and then add up until 10 years. Is it possible for a fund with inception at 2003 but the firm only show performance of 2006,07,08,09,10,11?
3) just read in one answer that the presentation of composite net-of-fees returns is required? I thought firms could opt to present either gross or net, given that they clearly identify it (even that they are recommended to present gross).
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4) just read in one answer that a covered call provides some downside protection…are they referring to the call option premium received that offsets some of the possible losses of the underlying?
Many thanks one again to ALL of you AFers
best of luck, |