CFA Institute, a global association of investment professionals, recently announced that Jadwa Asset Management has claimed compliance with the Global Investment Performance Standards (GIPS). Jadwa Asset Management, a division of Jadwa Investment, is the first firm domiciled in Saudi Arabia to claim GIPS compliance and is one of nearly 1,650 firms worldwide upholding the standards.
The GIPS are voluntary, ethical standards based on the fundamental principles of full disclosure and fair representation of investment performance. Global standardization of investment performance reporting gives investors around the world the additional transparency they need to compare and evaluate investment managers, which contributes to the long-term goal of building trust in the industry.
The GIPS are sponsored and administered by CFA Institute, which awards the Chartered Financial Analyst (CFA) and Certificate in Investment Performance Measurement designations.
Ghanem Al-Ghanem, president of the CFA Society Saudi Arabia and member of Saudi Arabia GIPS country sponsor committee, said: “This is an exciting time for us as Jadwa Asset Management is the first domestic asset manager to claim compliance.”
