GIPS standards

[Guilherme_neves]

2 questions about GIPS:

1-a firm with independent investment process and systems, but shared Back office can be considered an independent entity?

2- a composite can exclude temporarly accounts current performance if its AUM fall below a certain threshold like 20M USD?

thanks in advance

[fino_abama]

@Guilherme\_neves

2 questions about GIPS:

1-a firm with independent investment process and systems, but shared Back office can be considered an independent entity?

2- a composite can exclude temporarly accounts current performance if its AUM fall below a certain threshold like 20M USD?

thanks in advance

1. GIPS requires the firm be a DISTINCT business entity. Nothing wrong with sharing back office.

2. Yes, but it cannot be applied retroactively to historical performance.