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				| Defending the virtues of liberty, free markets, and civilization... plus some commentary on the passing scene.
        |  | Freedom's FidelityFriday, July 08, 2005
	
       Call to the Carnival of the Capitalists
 This week I have no special insights to offer, instead I am asking for your help.  I'm hoping to leverage some of the collective knowledge of the blogosphere in general and the Carnival of the Capitalists in particular.  I and some work colleagues are putting together a presentation on the coming GIPS (Global Investment Performance Standards) Gold standard.  GIPS, in short, is a set of standards for investment managers to report their performance in a manner that 'ensures fairness and comparability.'  For my part, I am looking for information on the pros and cons of this (i.e. opportunity cost of implementation vs. value added for compliance) as well as perhaps looking to any issues the UK - who by law is now GIPS compliant - experienced in the process.  As well, some analysis of how new regulation (in this case self-regulation) will effect the market.
 
 If any of you have opinions on this or have seen any articles/blog posts on the subject please leave a link or let me know your thoughts in the comments.
 
 All thoughts, musings, links are greatly appreciated!
 
 Thank You.
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