GIPS hint linked, returns, regular, presented, difference

pimpineasy

I just realized for the first time:
Non GIPS compliant returns prior to Jan 1 2000 MAY be linked to the compliant returns presented after Jan 1 2000- for regular composites

HOWEVER- for SMAs firms cannot link years of non-compliant performance (prior 2006) to compliant performance.

Don't know why this slipped my notice before, I knew the part about regular composites, but never realized this difference with SMAs.