The CFA Institute, Charlottesville, Va., changed the name of its AIMR compliance standards to the Global Investment Performance Standard, to reflect the fact that its performance measurement standards can be used by money management firms globally. "... It will knock down barriers between countries and markets and encourage firms around the globe to use these standards," said Alicia Licata, senior director of investment performance at CFA Institute's Centre for Financial Market Integrity. She emphasized, however, that the performance measurement standards used in the old AIMR standards would not change under the GIPS system. Plan sponsors often require that their money managers be "AIMR compliant" in their performance measurement.
The CFA Institute was formerly known as the Association for Investment Management Research.