2018-04-03

OIA adopts GIPS standards

OIA  has announced the adoption of the Global Investment Performance Standards (GIPS®) from CFA Institute. The GIPS standards are universal, voluntary standards based on the fundamental principles of full disclosure and fair representation of investment performance. Adopting the GIPS standards indicates the Fund’s commitment to use Industry leading performance calculation and presentation standards for our reporting.

The GIPS standards are currently adopted in 41 countries and are recognized around the world for their credibility, integrity, scope, uniformity, and enabling direct comparability of a firm’s track record.

As per the information available on the CFA website, OIA is one of the few SWF globally, and probably the only one in the Middle East to adopt these rigorous standards. The Fund has displayed leadership among SWF in adopting these globally recognized standards.