(Institutional Asset Manager) A new survey of institutional asset managers, consultants and investors confirms compliance with the Global Investment Performance Standards (GIPS) is on the rise, with 84 per cent of asset managers responding saying their firms are GIPS compliant. This is up from 72 per cent who claimed compliance in 2014, the last time institutional investment analytics firm eVestment and consulting firm ACA Compliance Group conducted this survey of eVestment users.
This increase is driven by investor and consultant activity, as 75 per cent of investors and consultants responding to the 2018 survey said they exclude managers from searches some or all of the time if they do not claim GIPS compliance. This is up from two out of three investors/consultants who said they excluded managers from searches some or all of the time if they do not claim compliance with GIPS in the 2014 survey.