Schweser Exam 2 PM Q8 - GIPS

There’s a GIPS Q in the afternoon exam 2 (Q8) that has the answer as:

"Also, in accordance with the “Disclosures” section of the Asset Manager Code of Professional Conduct, managers must provide returns gross- and net-of-fees. "

This isn’t right, is it?! I thought either were fine and gross was recommended?!

Christ…not GIPS! Ethics… The tiredness is setting in… Sorry…