Absolute Performance Verification LLC ~ The GIPS® Specialist.

At Absolute Performance Verification, we can attest to the consistency, fair representation and full disclosure of performance results in accordance with the CFA Institute’s Global Investment Performance Standards (GIPS).

While investment performance standards evolve to address our constantly changing investment management environment, investors benefit when they participate in vehicles from GIPS-adhering firms. Investment managers benefit because the investor’s confidence in performance returns increases. Both the investor and the investment manager profit from the uniformity and integrity that undergoing an independent third-party performance verification imparts.

that the verifier follow all of the procedures outlined for a verification and to issue a verification report previous to or concurrent with the performance examination report, and

that the performance results of a specific composite being examined be presented in conformity with the GIPS standards.

The performance verification is completed on a firmwide basis, but a performance examination report is issued only with respect to the composite examined by the verifier and does not attest to the accuracy of a performance presentation for any other composite.

Absolute Performance Verification's measures are designed to find gaps that may exist in your current policies and procedures and to help you eliminate those gaps.

The performance examination of a specific composite presentation will include, but is not limited to, the following objectives:

Cash Flows
Determine whether capital contributions and withdrawals are recorded in the proper accounts, at the correct amounts and on a timely basis.

Income and Expenses
Determine that income and expenses are recorded in the proper accounts, at the correct amounts, and on a timely basis.

Portfolio Trade Processing
Determine that purchases and sales of securities have been recorded in the proper accounts, at the correct amounts an on the appropriate dates.

Portfolio Valuations
Determine whether the end-of-period valuations of security positions are appropriate and that valuation policies are consistently applied.

Performance Measurement Calculations
Determine that the performance measurement statistics have been computed in accordance with the requirements contained in the CFA Institute standards on a consistent basis.

Other Disclosures
Determine whether all required disclosures have been properly presented in the performance presentation and that disclosures are supported by available documentation.