GIPSÂ® Standards are a set of standardized, industry-wide ethical principles that provide investment firms with guidance on how to calculate and report their investment results to prospective clients. They aim at giving investors around the world the transparency they need to compare and evaluate investment managers through the global standardization of investment performance reporting.
A growing number of asset management firms are already or wish to become GIPS compliant and BI-SAM is releasing its GIPSÂ® module to answer their needs and provide them with the full range of functionality required for composites.
BI-SAMâs GIPSÂ® module enables the building of composites, calculation of all required returns, risk indicators and ratios and provision of reports including any necessary disclosures. The module also provides the facility to build composites manually or automatically according to portfolio and composite characteristics. An intuitive process updates a composite hierarchy according to modification of characteristics and strategies over time.
All mandatory returns, risk indicators and ratios are calculated and presented through interactive, flexible and graphical results screens. Additional checks have been implemented to help users to control all GIPS composite production processes.
GIPS reports can be easily generated, including customisable presentation reports with automatic context sensitive disclosures, as well as management and control reports.
The module is available as a stand-alone solution or as a fully integrated solution with other B-One modules (including performance, attribution, risk and client reporting).
âOur GIPS functionality answers a greater demand from the asset management industry and we are very pleased to add this important module to our global offerâ, commented Anthony Howland, strategic advisor at BI-SAM âWith this new module, BI-SAM has heeded strong market demand to provide a much needed alternative, by providing a new module offering an innovative approach, based on new technologies, to allow clients to face new GIPS challenges, and to comply with these important standards which are essential for investors.â