The Credit Manager's Path to GIPS Compliance

Claiming compliance with the Global Investment Performance Standards (GIPS) is gaining significant traction with credit asset managers due to increased demand from institutional investors.

Historically, only the largest credit asset managers claimed compliance with the GIPS standards (63% of the top 40 CLO managers as ranked by Creditflux claim GIPS compliance in eVestment's consultant database), but today we are seeing a noticeable shift towards smaller managers inquiring about GIPS compliance. These credit asset managers oversee a variety of vehicles including CLOs, separately managed accounts investing in the credit market, credit hedge funds, private debt and distressed debt funds, direct lending products, BDCs, and others. We believe the trend towards GIPS compliance across the credit space will continue to grow as investors and allocators continue to request and require GIPS compliance from competing managers.

Discussion Topics

• Recent trends and industry demand for GIPS compliance, 
• Fundamentals of GIPS compliance,
• Calculation methodology, and
• Proposed changes within the 2020 GIPS Standards that relate to credit managers