Senfin adopts CFA Global Investment Performance Standards and Asset Manager Code

Tuesday, 30 May 2023 00:00 - - {{hitsCtrl.values.hits}}

Senfin Asset Management yesterday announced it has recognised by CFA at having successfully adopted and implemented the CFA Global Performance Standards (GIPS) as well as claiming compliance with the CFA Asset Manager Code.

GIPS are a globally used set of voluntary standards used by investment managers to ensure the full disclosure and fair representation of their investment performance. GIPs were created by the CFA Institute, a global association for investment management professionals, and are governed by the GIPS Executive Committee.

“We at Senfin firmly believe that ensuring adherence to industry best practices and ethical standards as prescribed by both GIPS and the Asset Manager Code will enable us to reaffirm our commitment to accuracy, transparency, ethics and good governance to every single one of our valued investors especially during current volatile times,” CEO Jeevan Sukumaran said.

“We thank CFA Institute for their unwavering support in helping develop Sri Lankan capital markets in best practices and business excellence at all levels as well as their commitment to holding all capital market service providers to a higher standard of continuous improvement,” he added.

The company’s achievement is in no small part due to the dedication and support of Senfin’s valued employees, both old and new, without whom we could not have accomplished this.

Senfin Asset Management is an SEC licensed Unit Trust and Private portfolio management company with over Rs. 9.5 billion in Assets Under Management, managing seven different unit trusts as well as catering to the private wealth management needs for many high-net-worth individuals, corporates, and trusts. Senfin is a fully owned subsidiary of Senkadagala Finance PLC, a company licensed by the CBSL with a track record of over 55 years, boasting a branch network of over 100 and a workforce of approximately 800 people across Sri Lanka.

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