Frequency of performance reporting to client under GIPS (Quarterly or Monthly)?

[varunvajpayee]

Frequency of performance reporting to client under GIPS (Quarterly or Monthly)?
I am not asking for composite valuation. I know, Composite vlaue should be done monthly. I want to know the frequency of performance reporting to client under GIPS? Please answer.

 

[MrSmart]

Quarterly, with no more than 30 days after the reporting period being recommended.

 

[varunvajpayee]

Thank you!

 

[onlysimon]

provision 5.B.2.c “quarterly and/or monthly returns”

 

[sunseeker]

GENERAL PRINCIPLE
- At least monthly return calculations for portfolios AND in the event of large cash flows ( firm must define what “large” means). The latter from 2010 on.
- Quarterly valuation for composites.

Given valuations for Real Estate and PE are a bit more complex in terms of data gathering they follow a different principle and notably :
Real Estate :
Since 2010 - Quarterly return calculation (before it was annual)
Since 2011 - Split the above between Income and Capital returns (see related formulas)
Since 2012 - Annual External - independent appraisal (before it was every 36 months)
Private Equity
Since 2011 - (At least) annual “fair valuation”
Calculation methodology PE:
A) SI-IRR with daily cash flows (if before 2011 we don’t use daily cash flow we have however to disclose which cash flow frequency we apply).
B) Disclose “Paid-in” (Paid on committed K), “Distributed to paid-in” K (i.e. DPI), Residual Value to Paid-in (i.e. RVPI = NAV after dist / Paid-in), and TVPI = RVPI + DPI

And may heaven help us all.