Most of the mystery has been taken out of the number of investment management firms and asset owners that claim compliance with the Global Investment Performance Standards.
The CFA Institute, the global association of investment professionals that created and administers GIPS, required as of June 30 that organizations claming compliance report that to the CFAI, said Jonathan Boersma, executive director, Global Investment Performance Standards, CFA Institute, Charlottesville, Va.
Based on a rough estimate, the website, http:// www.gipsstandards.org/pages/index.aspx, lists some 1,200 investment management firms and assets owners claiming compliance with GIPS, a worldwide set of voluntary standards for reporting investment returns for investment management firms.
The GIPS website doesn't list all of the organizations claiming compliance. The institute gives organizations an option to refrain from making such disclosure on the website. Mr. Boersma estimates 20% of the investment mangers and asset owners claiming compliance to CFAI decline to disclose that adoption.