October 31rst marked the ten-year anniversary of Pinnacle’s Global Investment Performance Standards (GIPS) compliant track record. That’s a big deal in the institutional investment community — it means that we’ve met the GIPS standard for reporting performance (often required by institutional investors). It also means that we have a legitimate ten-year track record, which is a long time in the investment business. If nothing else, we can show investors our performance over several different market cycles, which is a very useful way to evaluate a firm’s investment process. Importantly, we also have the same investment team today that we had a decade ago. After all, what good is a ten-year track record if the analysts who are responsible for the past returns are no longer at the firm?