MGH Asset Management the first New Zealand firm verified as GIPS compliant

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News: MGH Asset Management the first New Zealand firm verified as GIPS compliant
Date: 22 Jun 2007
Company: MGH Asset Management (MGHAM)
Comments:
MGH Asset Management (MGHAM), a niche international investment management firm based in Wellington, has become the first New Zealand investment manager to be verified as GIPS compliant.

“ Virtually all of our clients are outside New Zealand so we are held to international standards. By having our performance figures verified as GIPS compliant, our clients can be assured that in presenting the firm’s performance history we are following international best practice in reporting and that we are not ‘cherry-picking’ portfolios,” says MGH Asset Management director Mike Gibbs-Harris CFA.

“ From a fiduciary point of view, if people are investing with you they have to be able to trust your numbers.”

MGH Asset Management has been verified as being GIPS compliant by Louis Boulanger CFA, a member of the GIPS Executive Committee.

MGH Asset Management is registered in the US with the SEC as an Investment Adviser and is a member of the New Zealand Absolute Return Association.

Contact Details:
Michael Gibbs-Harris CFA
Director
MGH Asset Management Ltd
Level 2, 44 Hay Street
Oriental Bay
Wellington
New Zealand
Tel: +64-4-977-8862

© 2008 investment-performance.com. (Used with permission)

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