Highlight

Firms encouraged to review and adopt CFA Institute Asset Manager Code.

The CFA Institute Asset Manager Code™ outlines the ethical and professional responsibilities of firms (“Managers”) that manage assets on behalf of clients.

For more information visit CFA website https://rpc.cfainstitute.org/en/gips-standards/asset-manager-code

Question of the month

Q: If a portfolio contains investment that suddenly became illiquid, how should they be valued, and how should portfolio performance be calculated?

A: Those investments must be valued at fair value, with any resulting gains or losses reflected in performance, Firm must not claim that illiquid investments are non-discretionary simply because of their illiquidity.

Word of the month

Did you know that when you say "Sahara Desert," you're actually saying "Desert Desert"?

The word Sahara comes from the Arabic word "صَحْرَاء" (sahra), which literally means "desert." So next time you're talking about this iconic stretch of sand, you’re doubling up on the desert talk!

Event of the month

CIPC Roundtable: Performance Benchmarking Best Practices. This is a FREE online event eligible for 1 CFA Institute PL credit.

28 November 2024 at 12:59 pm EST

Click here to register

Picture of the month

The National Museum of Qatar is an architectural masterpiece inspired by the desert rose, blending natural beauty with cutting-edge design. Among its treasures is the awe-inspiring Pearl Carpet of Baroda, intricately crafted with over 1.5 million Gulf pearls, sapphires, diamonds, and emeralds. This extraordinary exhibit reflects Qatar’s rich pearl-diving heritage and showcases unparalleled craftsmanship.

https://maps.app.goo.gl/WmXNdnRJbuRVsAeW8