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The Global Investment Performance Standards (GIPS) are universal, voluntary standards based on the fundamental principles of full disclosure as well as fair representation of investment performance.
Thursday 07, February 2019 BY KUDAKWASHE MUZORIWA
The Saudi Arabian Monetary Authority (SAMA) has announced its compliance GIPS standards from CFA Institute, in an effort to strengthen the methods of measuring the performance of the regulator’s investment portfolios as well as apply the global best practises in the field, according to local newswire, Saudi Press Agency.
Paul Smith, the President and CEO of CFA Institute, said, “Asset owners that comply with the GIPS standards demonstrate a commitment to follow best practises for fairly representing and fully disclosing investment performance.”
SAMA has joined a list that includes 11 prominent asset owners and other investment firms operating in more than 40 markets around the world.