hypothetical or simulated returns with actual returns

[elite708]

not allowed with gips
but asset manager code allows as long as disclosed?
Doesn’t make much sense there

 

[zulu007]

Can you please highlight where asset manager code allows for simulated returns ?

 

[elite708]

under perfromance presentation.
“any hypothetical or backtested must clearly be indentified as such”
pg 256 cfai

 

[zulu007]

Agree there is some confusion here.
I am ok with the word backtested but not ‘hypothetical’.
Let’s err on the side of caution and take this is listed under recommendations and guidance.