How many of us have heard of PPS, Performance Presentation Standards or GIPS - Global Investment Performance Standards
Recognizing the need for promoting uniformity in reporting investment performance, the Association for Investment Management and Research AIMR in the US developed and introduced PPS in 1993. These standards allow investors to directly compare the performance of different investment managers, helping to build an environment of credibility and trust in the investment industry.
Popularity of the standards has spread rapidly around the world and today similar standards exist in most European countries and in Australia.
In 1999, the AIMR introduced Global Investment Performance Standards GIPS, which consists of a core standard for investment performance...
