Valores

smokin'hot Wrote:
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> AMC- disclose both- REQUIRED
>
> GIPS- you can present either, but gross is
> RECOMMENDED
>
> GIPS, P/E: net of fees and gross of fees SI-IRR
>
> Wrap Fees/SMA- must present returns after
> deduction of all BUNDLED FEES (this makes sense if
> you think about it)


This was everyones take, however have you taken the sample exam? The question specifically says a violation took place because they did not report net of fees returns.