New GIPS standards call for fair valuation, better risk reporting

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GLOBAL - The CFA Institute and the UK Investment Performance Committee (UKIPC) have unveiled new GIPS standards that will require fair value reporting of hard to value assets and more in-depth reporting of risk within an investment strategy.

The new Global Investment Performance Standards will also introduce a compliance statement that requires money managers to state whether or not they have been verified as being GIPS compliant. T...

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