The goal of the GIPS® 20/20 update is twofold. The first is to consolidate the standards by compiling all the existing guidance into an expanded version of the GIPS® handbook. The other is to separate the standards into three pillars which can be viewed based on the type of relationship between the asset manager and the asset owner. In our new video series with Carl Bacon CIPM, Chairman of the GIPS® Executive Committee and StatPro Chairman, we discuss what the update entails and the reasoning behind it.
In part 1 of 5 in this video series, we ask "What is GIPS® 20/20 and why is it needed?"