GIPS Compliance Requirements

Medium Global Investment Performance Standards Compliance

As a portfolio manager at an investment firm, you are responsible for ensuring compliance with the Global Investment Performance Standards (GIPS). Your firm is in the process of calculating and presenting its investment performance data. To ensure integrity in your performance reporting, which of the following statements about GIPS compliance is accurate?

A firm can report only aggregate performance results as long as they are GIPS compliant.

GIPS compliance requires the firm to present both gross and net-of-fees performance to all clients.

A firm must include all discretionary portfolios in the performance presentation to claim GIPS compliance.

Hint

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