Coming soon: GIPS 20/20, the latest update of the performance standards to which more than 1,600 fund managers around the world now subscribe.
Past performance may be no guide to the future, but asset managers and investors still want meaningful data that tells them what has (or hasn’t) been achieved.
"In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks."
The global financial crisis of 2008 prompted a regulatory response that has spawned a multiplicity of new acronyms, terminology and jargon that sometimes sounds like an altogether different language.