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The Strausburg Investment Management (SIM) manages portfolios that are represented in more than 15 composites. Over the years, the exact number of portfolios under management has fluctuated between 65 and 95 due to terminations and additions. Assume that SIM is notified of the termination of a portfolio on 25 August, 2012. At the end of which of the following dates should the terminated portfolio be removed from its composite order to be compliant with the Global Investment Performance Standards (GIPS)? A. 30 August, 2012. B. 31 December, 2011. C. 31 July, 2012. |