CFA founder appointed as GIPS Council chair

Chartered Financial Analyst (CFA) Louis Boulanger, one of the founders and first president of the society, has recently been elected Global Investment Performance Standards (GIPS) Council chair.

Boulanger's two-year term as GIPS Council Chair will begin on 1 September 2010.

The GIPS Council is a global forum of representatives from 32 countries sponsoring the GIPS, a set of standardised, industry-wide ethical principles that provide investment firms with guidance on how to calculate and report their investment results to  prospective clients.

Council members are responsible for appropriately representing their local market, developing GIPS initiatives and ensuring the information flow between country sponsors is seamless.

An actuary, Boulanger has also been a CFA charterholder since 1997. 

CFA Institute created and administers the GIPS standards and partners with local country sponsors around the world to promote the GIPS standards.

The GIPS standards are voluntary and are based on the fundamental principles of full disclosure and fair representation of investment performance results.

Global standardisation of investment performance reporting gives investors around the world the additional transparency they need to compare and evaluate investment managers.

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