A straight answer · from the MIZAN FAQ

Does a MIZAN credential make a manager GIPS-compliant?

No, and it never will — they answer different questions. GIPS governs how a firm reports the performance of real client money: every qualifying account included in its composite, prescribed disclosures, fee treatment, error-correction policy, reviewed by a human verifier. It is an organizational and presentational standard. MIZAN proves the computational integrity of a strategy: positions on committed data, costs charged inside the proof, out-of-sample, deflated against a committed trial count — verdict re-derivable by anyone, strategy never revealed. A manager can be fully GIPS-compliant and still show you a fitted backtest; a MIZAN credential says nothing about their composite discipline. GIPS verifies the process; MIZAN proves the math. Ask for both.

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