GIPS Alert!!!

Our slightly delayed April newsletters are going out this week, and you'll notice the "lead story" deals with the suggested requirement for GIPS(R) (Global Investment Performance Standards) firms to, in essence, register with the CFA Institute on an annual basis, and to share details about their firm. The online version has been posted, and is available for your purview. 

I want to mention that my comments have been significantly toned down, as the result of input from a half dozen colleagues (both within and without TSG) who, for the most part, suggested some modification in the wording (one said to use what I had, but I felt inclined to be a bit circumspect in my language).

Suffice it to say, I find the idea quite disturbing, and urge all compliant firms and verifiers to comment. Since they're asking for our opinion, we should be willing to share it. Whether you agree or disagree with my objections, you should be heard.