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Since 2011, institutional investor capital has surged into the credit asset class. As a result, investors and their consultants demand greater transparency. Due to the principles of fair representation and full disclosure, credit firms are increasingly relying on compliance with the GIPS standards as a competitive advantage. This paper will discuss the rise in demand for GIPS compliance in more detail, this paper covers specific principles including firm definition, discretion, composite construction, account and composite return calculations, the GIPS Report, portability, and supplemental information. |