United Arab Emirates –AD Global Investors, a subsidiary company of Invest AD (Abu Dhabi Investment Company) and an investment management firm, has announced its compliance with the Global Investment Performance Standards (GIPS®) from CFA Institute. Introduced in 1999, the GIPS standards are universal, voluntary standards based on the fundamental principles of full disclosure and fair representation of investment performance.
The GIPS standards are administered by CFA Institute and have been adopted by more than 1,700 firms and asset owners in 46 markets around the world, including all or a portion of 24 of the top 25, and 85 of the top 100 asset managers globally, according to data from Cerulli Associates.
David Rothon, CEO, AD Global Investors Limited said: “We are delighted to be the first investment manager in ADGM adhering to the GIPS standards. Adoption of the GIPS standards marks another milestone for AD Global Investors in demonstrating to investors the importance we place on employing global best practice at the firm.”
William Tohmé, CFA, Senior Head of the Middle East and North Africa region for CFA Institute, added: “The GIPS standards allow firms to demonstrate that investment performance reporting meets globally accepted ethical best practices. The GIPS standards are a critical part of our commitment to integrity, transparency, and putting the interests of investors first. Adopting the GIPS standards indicates a commitment to use the highest rigorous performance calculation and presentation standards in reporting. With the increasing integration of the capital markets, we encourage more firms and asset owners to lead by example and contribute to building the local investment management industry.”
Karyn Vincent, CFA, CIPM, Senior Head of Global Industry Standards for CFA Institute said: “We applaud AD Global Investors for their efforts to put investors first. AD Global Investors is an example of a leader that is truly advancing the investment profession by employing a higher standard. We encourage more asset managers to follow their lead to promote fairness, transparency, and ethics in investment performance.”
For more information on the GIPS standards, visit https://www.cfainstitute.org/en/ethics/codes/gips-standards.
© Press Release 2020