Robert D. Kugel on XBRL and Investment Performance Management

Although I usually write on “performance management” in the corporate and corporate finance context, I’ll put on my CFA hat for the moment to comment on investment performance reporting standards. The CFA Institute published its first Global Investment Performance Standards (GIPS®) ten years ago. Since it’s possible to present (and misrepresent) investment performance in a myriad of ways, the...