News
FOCUS - Summer 2003
Introduction - By Patrick McBratney
Welcome to the summer issue of focus, the quarterly newsletter from performa, the leading provider of GIPS consultancy and software.
As you may be aware, Performa has an extensive network of friends in the performance measurement field and so are never far removed from the discussions on the latest industry issues. A Performa GIPS Working Party has been formed internally to keep abreast of all new proposed industry guidelines. The main objective is to consider the potential impact of any new provisions on our marketing strategy and product development plans.
All new guidelines are contemplated carefully, taking into account discussions with clients at the Performa User Group meetings and also other industry professionals at events. One area that is attracting a fair amount of interest is the proposed addition of a "Leverage and Derivatives provision and guidance" to the GIPS standards. We are pleased to have available the facility to offer our view on this proposed guideline. Our contribution, along with an assortment of other interesting opinions, can be viewed at www.aimr.com/standards/issues/ld_comments.html.
On a lighter note, our CEO Anthony Howland is leading a squad of 'veterans' in a cross-channel swim this summer in aid of several charitable organisations. We would like to wish Anthony and his team the best of luck for their efforts.
Finally, I would like to thank Darren Crowley of Pictet Asset Management for this month's industry comment entitled "Remuneration based on Composites". Please continue to tell us what you would like to read about in focus and we will use our best endeavours to accommodate.