The book says that the GIPS standard requires firms to include all actual fee paying, discretionary portfolios in composites. When they say actual, does that mean that if I drop a composite I do not have to show it in my records anymore? or do I have to show the dropped composite?
discontinued composites must be included for a minimum of 5 years. You can indicate they are dropped, but performance data must be included.
Thank You. That makes sense, but if I have a composite that is still going I have to include portfolios using that composite’s strategy that have been discontinued. right?