Min asset level

CFA Level III
#1

In GIPS, what happens if the portfolio return goes below the min asset level required ? Do we move it to another composite?? Or is that the initial min asset level?

#2

It needs to be removed from the composite until it reaches the minimum asset level again. It can only be included in another composite if it is deemed as having a similar investment mandate, objective or strategy as the composite.

#3

Shouldn’t the original read as Portfolio Value falls below min asset level?

#4

Thanks mike!

Sorry, yes, level, not return, cpk…