Darien

mcap11 Wrote:
-------------------------------------------------------
> Question, if a firm loses a client, say May 15,
> 2011 when do they remove them from the historical
> performance composite?
>
> The text says that you must include a terminated
> portoflio in the historical performance of the
> appropriate composite up to the last full
> measurement period that the portfolio was under
> management.
>
> Does this mean that we include them througth April
> 30? And even though we lost their business, we
> still include them in past composites from their
> inception until they were terminated?
> Ie, a year from now (2012) they are still in our
> historical composites through April 30, 2011?

I was actually talking to one of our GIPS consultants about this yesterday. If your measurement period is monthly, you remove them the first day of the next measurement period. In your example, the account would be removed from the composite as of 05/01/2011 but the historical performance of the account prior to 05/01/2011 remains in the composite.