Since their introduction in 1999, the Global Investment Performance Standards (GIPS) have been recognized as industry best practice for providing investors with a better understanding of historical investment performance among global investment management firms. Due to the fact that these standards give asset owners more confidence and trust over performance reporting, along with increased transparency, there is now a visible growing interest in attaining GIPS compliance among the hedge fund community.
With the growing sophistication of private markets and institutional investors’ portfolios over the last decade, the automation of portfolio management and monitoring has become more critical than ever.
Managers are constantly seeking greater integration among their people and processes to enable more agile reporting and savvier investing. Fortunately, with a smart reconciliation solution, managers can produce the insights they need for timely reporting and better decision making across several areas of their firm. Let’s explore how:
When it comes to allocating expenses, a CFO’s top priority is compliance. With expense allocation policies evolving every year, firms can no longer rely on a process that has limited capabilities. Instead, they must turn to a solution that can make room for policy changes while reducing uncertainty and the risk of error.