57 Adam Dempsey, CFA, manages a fund-of-funds that invests in three asset classes. Since the fund's inception three years ago, he has used the same model to determine his asset allocation. For the fund's marketing brochure, he applies his model retroactively for the seven years prior to the fund's inception to produce simulated performance results over a 10-year period. In the brochure, Dempsey does not indicate that the fund's 10-year results are partially simulated because he consistently uses the same model and methodology.

Did Dempsey's actions violate the Standard regarding performance presentation?