Chapter 9: Advanced GIPS Topics and Ethical Performance Reporting

In this section

• Complex GIPS Scenarios in Practice
  Complex GIPS Scenarios in Practice (CFA Level 1): Handling Non-Traditional Portfolio Structures, Hedge Funds and Multi-Strategy Funds, and Private Equity. Key definitions, formulas, and exam tips.
• Carve-Outs, External Performance, and Attribution Methods
  Carve-Outs, External Performance, and Attribution Methods (CFA Level 1): Carve-Outs: Why They Matter, Dedicated Cash Allocation, and Potential Missteps and Ethical Dilemmas. Key definitions, formulas, and exam tips.
• Ensuring Accuracy and Consistency in GIPS Reports
  Ensuring Accuracy and Consistency in GIPS Reports (CFA Level 1): Standardized Methodologies for Calculating Performance, Time-Weighted Rate of Return (TWRR), and Money-Weighted Rate of Return (MWRR). Key definitions, formulas, and exam tips.
• Ethical Implications of Reporting Practices
  Ethical Implications of Reporting Practices (CFA Level 1): Foundation of Transparency and Honesty, Quick Anecdote on Transparency, and Conflicts of Interest in Performance Reporting. Key definitions, formulas, and exam tips.
• Future Developments in Global Performance Standards
  Future Developments in Global Performance Standards (CFA Level 1): Impact of Emerging Asset Classes, Harmonizing GIPS and IFRS, and Potential for Automated Performance Calculations (Blockchain and DLT). Key definitions, formulas, and exam tips.
• Incremental Revisions and Transitional Reporting Challenges
  Incremental Revisions and Transitional Reporting Challenges (CFA Level 1): Understanding the GIPS Updating Process, How Incremental Revisions Are Shaped, and Key Historical Overhauls (Why They Matter). Key definitions, formulas, and exam tips.