Global Investment Performance Standards (GIPS) Course

Did you know that GIPS standards are used in more than 51 markets globally, with over 1,700 organizations claiming compliance, including all of the top 25 global asset managers?

Course Overview

The Global Investment Performance Standards (GIPS) Course by Alpha Learning Centre is meticulously designed to equip professionals with essential skills in calculating and presenting investment performance. This course focuses on voluntary, ethical standards based on the principles of fair representation and full disclosure, ensuring participants can effectively navigate the complex landscape of investment performance reporting.

Why Select This Training Course?

Selecting this GIPS Course offers numerous advantages for professionals involved in investment performance measurement and reporting. Participants will gain advanced knowledge of GIPS standards, calculation methodologies, and compliance frameworks. The course provides hands-on experience with industry-standard reporting tools and real-world case studies, enabling attendees to optimise their performance presentation strategies effectively.

For organisations, investing in this training enhances overall reporting capabilities and ensures regulatory compliance. By ensuring that personnel are well-trained in GIPS standards, organisations must demonstrate adherence to comprehensive rules governing input data, calculation methodology, and presentation.

For individuals who complete this course will benefit from enhanced career prospects as they become more valuable assets in their respective fields. The skills acquired through this training can lead to professional growth and increased responsibilities within their organisations. With standards continuing to evolve and firms investing significant resources in compliance, professionals with GIPS expertise are increasingly in demand.

Transform your investment performance reporting capabilities – Register now for this critical advanced training programme!

Who Should Attend?

• Experienced investment performance measurement professionals
• Compliance officers and risk managers at investment firms
• Investment consultants and advisors 
• Professionals involved in client reporting and marketing
• Regulators and auditors of investment firms

What are the Training Goals?

This training aims to:

• Advance the application of GIPS standards in complex scenarios
• Clarify grey areas and nuances in GIPS interpretation
• Optimise governance structures for effective GIPS compliance
• Equip participants with tools for conducting GIPS verification
• Foster best practices in investment performance reporting

How will this Training Course be Presented?

The Global Investment Performance Standards (GIPS) Course delivers comprehensive, hands-on training through proven methodologies designed to maximize learning outcomes and practical skill development. Our expert instructors employ the following methods:

• Through in-depth case studies on complex GIPS issues
• With interactive workshops on GIPS interpretation and application
• Using high-level discussions on governance and oversight
• By analysing verification challenges in different investment strategies
• Offering expert insights on recent developments in GIPS standards

Each delivery method is carefully integrated to ensure participants gain both theoretical knowledge and practical experience. The course structure promotes active engagement and real-world application, allowing participants to develop crucial analytical and strategic skills within a supportive learning environment.

Join us to experience this dynamic and effective learning approach – Register now to secure your place!

Course Syllabus

Module 1: Advanced Topics in GIPS Compliance

• Applying GIPS to alternative investment strategies
• Addressing challenges in real estate and private equity 
• Navigating GIPS compliance for wrap fee portfolios
• Calculating risk measures and benchmark comparisons
• Treatment of side pockets and segregated investments
• Maintaining compliance during firm restructuring and M&A

Module 2: GIPS Interpretation and Guidance

• Clarifying definitions and terminology in the GIPS standards
• Interpreting guidance statements and Q&A documents
• Addressing common errors and misconceptions in GIPS application
• Discussing evolving topics and areas of confusion 
• Seeking clarification and guidance from regulatory bodies
• Participating in industry forums and knowledge sharing

Module 3: GIPS Advertising Guidelines and Regulations

• Presenting performance in marketing materials and advertisements
• Disclosing relevant information and calculating net returns
• Guidelines for claim of compliance and trademark usage
• Portability of performance track records and disclosures
• Regulator focus areas and recent enforcement actions
• Aligning GIPS advertising with global marketing regulations

Module 4: Governance, Oversight and Recordkeeping for GIPS

• Designing an effective governance structure for GIPS compliance
• Defining roles and responsibilities of the Oversight Committee
• Establishing policies and procedures for GIPS implementation
• Managing conflicts of interest and material errors
• Maintaining books and records to support GIPS compliance
• Preparing for regulatory exams and due diligence inquiries

Module 5: Conducting GIPS Verification and Due Diligence Reviews

• Scope and purpose of GIPS verification engagements
• Planning and executing the verification process
• Performing tests of required disclosures and firm-wide compliance
• Assessing the design and operating effectiveness of controls
• Challenging assumptions and calculations in performance reporting
• Delivering verification reports and communicating findings

Module 6: GIPS Compliance for Pooled Funds and Carve-Outs  

• Applying GIPS standards to pooled funds and carve-outs
• Calculating composite returns and asset-weighted performance
• Treatment of fund-level subscriptions, redemptions and fees
• Presenting carve-out returns with cash allocation disclosures
• Portability of fund and carve-out track records
• Benchmarking challenges for specific fund mandates and strategies

Module 7: Risk and Performance Attribution Analysis

• Calculating and interpreting performance attribution metrics
• Applying the Brinson Hood Beebower (BHB) attribution model
• Conducting risk-adjusted performance analysis and benchmarking
• Presenting ex-post and ex-ante risk measures in GIPS reports
• Analysing sources of over/underperformance and risk budgeting
• Communicating attribution results to investment decision-makers

Module 8: Timeliness and Frequency of GIPS Reporting

• Monthly vs quarterly performance measurement processes
• Managing data quality and integrity for timely reporting  
• Treatment of estimated values and subsequent “true-ups”
• Operational challenges in meeting GIPS reporting deadlines
• Automating data collection and validation workflows
• Balancing speed, accuracy and cost in GIPS operations

Module 9: GIPS Reports for Prospective Clients and Consultants

• Preparing compliant presentations and marketing materials
• Calculating and disclosing composite assets and benchmarks
• Addressing specific requirements of investment consultants  
• Streamlining production and customisation of GIPS reports
• Communicating effectively with prospective clients on track records
• Responding to due diligence questionnaires and data requests

Module 10: Structuring Performance-Based Fees in Alignment with GIPS

• Calculating net-of-fees returns for performance fee composites
• Addressing the impact of performance fees on return volatility
• Modelling different performance fee structures and hurdle rates
• Disclosing performance fees in composite descriptions
• Benchmarking issues for performance fee composites
• Regulatory considerations for performance-based fees  

Module 11: Auditing and Supervising GIPS Compliance

• Defining the scope and frequency of GIPS compliance audits
• Developing a risk-based approach to GIPS audit planning
• Auditing composite construction and calculation methodologies
• Reviewing disclosures, policies and procedures for compliance
• Issuing internal control reports on GIPS compliance
• Interacting with verifiers and external auditors

Training Impact

The impact of GIPS training is evident through various real-world case studies and data, which demonstrate the effectiveness of structured programmes in enhancing investment performance reporting and transparency.

Research indicates that organizations implementing GIPS achieve enhanced credibility with global investors, improved transparency in performance reporting, better alignment with international best practices, and stronger competitive position in the market.

These case studies highlight the tangible benefits of implementing GIPS:

• Improved global competitiveness
• Enhanced reporting transparency
• Increased accuracy in performance presentation
• Strengthened compliance frameworks

By investing in this advanced training, organisations can expect to see:

• Significant improvement in reporting capabilities
• Improved ability to handle complex performance calculations
• Enhanced decision-making capabilities in compliance
• Increased competitiveness through comprehensive GIPS strategies

Transform your career and organisational performance – Enrol now to master Global Investment Performance Standards!