Challenges Facing Real Estate, Private Equity, and Hedge Fund Managers
Please join us for a complimentary, interactive panel discussion on the performance challenges private fund managers face. Regulators continue to focus on investment performance, specifically marketing materials and the completeness and accuracy of data used to support stated investment returns. The challenges of private fund managers are unique depending on the asset class managed.
On January 29, 2016, the widely anticipated exposure draft of the Guidance Statement on Broadly Distributed Pooled Funds was released for public comment. The purpose of this Guidance Statement is to address what a GIPS-compliant firm must do when marketing a specific pooled unitized investment vehicle to multiple investors and the firm has little or no contact with the prospective pooled fund investors.
Release of the Draft Guidance Statement on Broadly Distributed Pooled Funds
The February 2016 edition of Performance Insight covers key points of the draft Guidance Statement on Broadly Distributed Pooled Funds. We encourage everyone to read the Guidance Statement and provide comments by the April 29, 2016 deadline. Also in this newsletter we highlight the following GIPS® news items:
The demand for GIPS compliance continues to be on the rise for alternative managers. This is a direct result of many large RFPs mandating GIPS compliance and verification. The challenges that credit, hedge fund/ fund-of-funds, and real estate managers face in implementing the GIPS standards are all unique based on the underlying asset classes managed. To help you better understand the challenges and solutions, ACA Performance is offering a series of webcasts specific to each asset class. Each webcast will be 30 minutes long and intended to quickly address the following:
ACA Compliance Group (“ACA”), the leading provider of global regulatory compliance consulting and GIPS verification services, announced today that it has acquired a controlling interest in Vincent Performance Services LLC through a merger with ACA Verification Services, LLC, to form ACA Performance Services, LLC. The combination of these two firms further strengthens ACA’s GIPS verification and performance offerings. The financial terms of the transaction will not be disclosed.
A just-released survey of institutional asset managers, consultants and investors shows that compliance with the Global Investment Performance Standards (GIPS®) remains a powerful force in asset manager selection. According to the survey, conducted by investment analytics firm eVestment and GIPS verification and consulting firm ACA Performance Services: