Does MMR verify performance numbers?
No. All performance numbers appearing in MMR are self-reported by the managers themselves. MMR cannot, and does not, verify or guarantee any performance figures. Tracked managers do agree to the Terms of Service, in which they specifically acknowledge that they understand the antifraud provisions of the Uniform Securities Act and the Investment Advisers Act of 1940 as amended. Also, tracked managers must specify their reporting methods, including whether each product’s performance is: • reported gross or net of fees, • reported on a composite, representative or proforma basis, • AIMR compliant, • audited or unaudited, and • accompanied by any disclosure (and if so, the text of the disclosure). However, this information is also self-reported and its accuracy cannot be guaranteed. Before committing funds with any manager, investors should always perform a careful background check. For more information, see the Terms of Service.
