The GIPS standards are ethical standards for investment performance presentation to ensure fair representation and full disclosure of an investment management firm's performance.
Verification is the independent review of an investment management firm's claim of compliance with the GIPS standards.
Verification is firm-wide and cannot be carried out for a single composite. A composite specific performance examination can be conducted on a particular composite, but only in conjunction with a firm-wide verification.
For more information on the GIPS Standards, please visit www.gipsstandards.org.
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