Investment consultants with non-discretionary businesses are taking steps to gauge their own performance and that of their clients, adopting similar methods to asset managers and asset owners that are compliant with the Global Investment Performance Standards (GIPS).

NEPC does quite the opposite and measures performance based off composites. The firm shows the track records of clients by grouping them as “one giant composite”, says Bill Bogle, NEPC’s chief compliance officer.

 

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