With the compliance deadline for after-tax performance reporting rapidly approaching, the
The purpose of the meeting is to insure that vendors and ICI members are using uniform after-tax reporting and calculation methodologies, he said. The ICI is concerned that varying methodologies could create different performance results depending on the vendor.
Fund companies must cite after-tax figures in advertisements beginning next month and all firms must issue after-tax performance numbers starting in February. In order to comply with the new regulations, firms have enlisted technology vendors like