Performance Reporting Best Practice

Very Easy Asset Manager Code Performance Reporting

Michael is an asset manager who values transparency and integrity in performance reporting. He has recently started managing a new investment strategy and wants to ensure he adheres to the Asset Manager Code guidelines when presenting his performance results to clients. He is particularly focused on presenting net performance returns accurately, reflecting all fees and costs involved.

In this context, which of the following approaches aligns best with the requirements of performance reporting as outlined in the Asset Manager Code?

Michael should report gross performance returns before fees to highlight the maximum potential performance.

Michael should report net performance returns after all fees and costs to provide a clear picture of client experience.

Michael should use a combination of gross and net performance returns but only highlight the gross returns in presentations.

Hint

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