PERFORMANCE AVERAGES

Third-party validation of performance has become increasingly important, with increasing pressure on investment houses to become GIPS-compliant. However, many investment managers feel that GIPS rules are too restrictive given the diverse circumstances and requirements of private clients.

The SAS Profiler software has been designed to enable investment houses to calculate and publish internal performance averages based on specified groups of private clients. The system provides a full audit trail and ARC offers a third-party validation service designed to give confidence to recipients that the averages being presented are representative of the performance being delivered to private clients.

Client Determined Classifications

Performance averages are calculated according to client-specified classification schemes, with constituents being added and subtracted by the client each period. A full audit trail of changes is stored in the database.

Third Party Validation

Upon request, ARC can produce a third party validation report illustrating the basis of calculation for the averages.

Inclusion in SAS Model Database

Upon request, designated internal averages can be made available to SAS Profiler users through inclusion in the SAS Model database.

To find out more about creating internal indices, please contact us.