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The Ultimate Guide to Tackling IPS Questions - Institutional Investors

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Since @lakshya25 's epic question on this a few weeks ago, which I only answered for Individual Investors, I thought I'd follow up with the various RRTTLLU summaries for Institutional Investors, e.g. Pension funds, Life / non life insurance, Foundation or Endowments and Banks. So Level 3 candidates out there ( @AjFinance, @MattJuniper, @artyeasel, @jimmyg, @lakshya25, @marc etc) - stay tuned for updates on this over the next few days/weeks, I'm hoping this will be handy when tackling the darn practice IPS questions. In fact, I can't remember what IPS or GIPS actually stand for anymore, as after a while (especially when you review them for the nth time), they morph into (Generally) Impossible Piece of Sh*t(s)...

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