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LGT Capital Partners achieves GIPS compliance for private equity programmes

LGT Capital Partners has been certified as GIPS compliant for calculating and reporting investment results within its private equity fund of funds programmes, a move that the firm says pla

LGT Capital Partners has been certified as GIPS compliant for calculating and reporting investment results within its private equity fund of funds programmes, a move that the firm says places it at the forefront of transparency and reporting standards for global private equity fund of funds managers.

Global Investment Performance Standards are voluntary standards used by investment managers around the world to quantify and present investment performance, helping to ensure fair representation, full disclosure and so-called ‘apples with apples’ comparisons and enabling investors to compare investment track records easily across managers and countries.

GIPS standards have long been used by traditional asset managers to provide clients and prospects with readily comparable performance and reporting results, but they have only recently begun to catch on in the private equity industry.

‘Achieving GIPS compliance is a validation of the transparent reporting procedures we have been using for many years now,’ says LGT Capital Partners principal Robert Schlachter. ‘It gives our clients and prospects further assurance that the performance and reporting figures we cite are prepared to the highest standards.’

LGT Capital Partners is a fund of funds manager that currently manages more than USD18bn for institutional investors in hedge fund and private equity investments. A team of more than 130 professionals drawn from 28 nationalities is responsible for managing the Crown and Castle alternative investment programmes from the firm’s headquarters in Pfäffikon in Switzerland and offices in New York, Dublin, Hong Kong and Tokyo. The firm is part of the LGT (Liechtenstein Global Trust) group, a wealth and asset manager owned by the Liechtenstein royal family.

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