Coming to Grips with GIPS

Following the varying degrees of credit crisis-induced market turmoil over the past two years, Global Investment Performance Standards (GIPS) compliance is surely one area investment managers should be keen to prevent from lapsing. The standards go a long way in assuring investors that the performance numbers their managers report to them are soundly calculated—hardly a factor to take for granted in the current economic environment.

But as with any looming compliance-related project, managers