GIPS: Carve-out

CFASniper · May 3, 2011, 1:08pm

Can somebody please explain what the GIPS is a carve-out… in plain english? Thanks

janakisri · May 3, 2011, 1:08pm

use search on AF Lvl III

thommo77 · May 3, 2011, 1:17pm

Dude the book explains it in plain english.

bpdulog · May 3, 2011, 4:09pm

I have a balanced portfolio, 60% equity, 35% fixed income, 5% cash. I want to include the equity portion in an equity composite. That’s a carve out. I’m carving out 60% of my portfolio to include in an equity composite.

CFAphoenix · May 3, 2011, 10:26pm

Thanks bpdulog. Was having similar confusion to CFASniper but you cleared it up.

bpdulog · May 4, 2011, 12:00am

CFAphoenix Wrote: ------------------------------------------------------- > Thanks bpdulog. Was having similar confusion to > CFASniper but you cleared it up. BTW, I don’t know the details surrounding this, but the composite needs to have a separate cash account. Not sure if it’s an actual cash account or a carve out of the existing cash account.