Can anyone clearify for me what are carve-outs?
GIPS are giving me so much trouble.
Thanks
Can anyone clearify for me what are carve-outs?
GIPS are giving me so much trouble.
Thanks
say using the us equity returns from broad equity portfolios to represent a us equity composite. off the top of my head I don’t think its allowed anymore but when it was you had to allocate a proportional amount of cash. maybe stopped in 2010?
Refer to the link below:
if you have a multi-class composite and you want to show performance for equities portion within that compisite, you now have to have equities in a separate account / sub-account with its own cash balances
This is the best explanation I have seen so far.
Thanks for sharing, Dal
Yes, thanks for that DAL