标题: GIPS- Reporting Frequency [打印本页] 作者: hassan 时间: 2013-4-22 12:24 标题: GIPS- Reporting Frequency
I was trying to find language regarding how often a firm should provide reports to clients, but I cannot find it. I know valuation (for non- RE and PE) is to be done monthly, and I believe you have to provide client annual GIPS-compliant reports. Is there any other language besides that, such as providing reports on a reasonable basis?作者: Roflnadal 时间: 2013-4-22 12:25
You need to report performance to clients at least quarterly and within a reasonable time. Which is considered between 2-3 weeks作者: Mechanic 时间: 2013-4-22 12:25
Ok that sounds right, thanks dude!作者: dirk01 时间: 2013-4-22 12:26
0.A.9 FIRMS MUST make every reasonable effort to provide a COMPLIANT PRESENTATION
to all PROSPECTIVE CLIENTS. FIRMS MUST NOT choose to whom they present a
COMPLIANT PRESENTATION. As long as a PROSPECTIVE CLIENT has received a
COMPLIANT PRESENTATION within the previous 12 months, the FIRM has met
this REQUIREMENT.
0.B.4 FIRMS SHOULD provide to each existing client, on an annual basis, a COMPLIANT
PRESENTATION of the COMPOSITE in which the client’s PORTFOLIO is included.
I bolded for emphasis作者: himanshumh 时间: 2013-4-22 12:26
^ this doesnt sound right to me…..
GIPS requires monthly reporting
Asset Manager Code requires quarterly作者: jcole21 时间: 2013-4-22 12:27
Now I’m confused again haha. mcap11, I don’t think GIPS requires monthly because there was a question on one of the same tests that I missed it because I thought it was monthly. I think you are right that Asset Manager Code requires quarterly … I guess maybe GIPS has no requirement other than annually?作者: busprof 时间: 2013-4-22 12:27
was that on an exam that was prior to 2010?作者: RoastBeef 时间: 2013-4-22 12:28
i think maybe :
compliant presentation of composite for clients’portfolio [GIPS]: annual
performance presentation [GIPS]: monthly
performance presentation [AMC] : quarterly作者: cyber21 时间: 2013-4-22 12:29
^^ this is what I think as well作者: jcfa2011 时间: 2013-4-22 12:29
Alladin wrote:
i think maybe :
compliant presentation of composite for clients’portfolio [GIPS]: annual
performance presentation [GIPS]: monthly
performance presentation [AMC] : quarterly
My understanding (GIPS) is that you have to use monthly returns for purposes of calculating account performance (except in cases of large cash flows, which require intra-month revaluing, linking). The actual reporting of account-level returns to clients is not specified - only annual composite performance is specified.作者: kim226 时间: 2013-4-22 12:30
I think MikeDouglas is correct. In a practical matter, one of our managers sends us annual GIPS compliant reports … we also get quarterly reports from them but I don’t believe they are GIPS compliant. I just pulled out the material and they have language that reads:
“One of the requirements of the standards is to annually provide all existing clients with a compliant presentation of the composites in which the clients’ portfolios are included.”
I think the requirements are:
GIPS: Annual
Asset Manager Code: Quarterly
