Overview of the Global Investment Performance Standards – Part I (2025 Level III CFA® Program – R3)

Master the Overview of the Global Investment Performance Standards for CFA Level III. Jim explains objectives and scope, fundamentals of compliance, and return calculation methods so you can present fair and comparable performance to clients.

What you will learn
• Who can claim compliance and why firm wide matters
• Discretionary accounts, composites, pooled funds
• Time weighted vs money weighted returns
• Modified Dietz example and large cash flows
• Input data integrity, benchmarks, fees, fair value, verification

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Topic 11 – Ethical and Professional Standards
Overview of the Global Investment Performance Standards – Part I
LOS : Discuss the objectives and scope of the GIPS standards and their benefits to prospective clients and investors, as well as investment managers.
LOS : Explain the fundamentals of compliance with the GIPS standards, including the definition of the firm and the firm’s definition of discretion.
LOS : Discuss requirements of the GIPS standards with respect to return calculation methodologies, including the treatment of external cash flows, cash and cash equivalents, and expenses and fees.

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