Somerset,
NJ - January 26, 2007. David D. Spaulding and John D. Simpson have
both passed the CIPM Expert Level examination. The CIPM Program is
an education and credentialing program designed by The CFA Institute
for investment professionals working in the field of performance evaluation
and presentation. Only 60% of the candidates who sat for the CIPM
expert exam passed.
The
Certificate in Investment Performance Measurement (CIPM) program is
a new certification program designed to train highly qualified, ethically
grounded performance professionals to meet industry needs. Those who
pursue the CIPM designation will master best practices in calculating,
interpreting, and presenting investment performance figures.
"I
am extremely pleased that I passed the Expert level exam. It was challenging
but it is also rewarding in that there will be less than a hundred
of us that can say that we were the first." said David Spaulding.
"The CFA Institute did a tremendous job getting this program
off the ground and we are happy to support them and be affiliated
with it."
Spaulding
noted that candidates earn the right to use the CIPM designation only
after they sequentially pass two computer-based examinations (Principles
and Expert), meet the experience requirement of at least two years
of experience in performance-related positions, agree to comply with
the CIPM Association Code of Ethics and Standards of Professional
Conduct, and become a member of the CIPM Association.
"The
exam was rigorous and required me to delve into some subject matter
that I was unfamiliar with before reviewing the exam materials."
said John D. Simpson. "It has been quite a positive experience
and I look forward to preparing other candidates to take the exam
through our courseware and flashcards."
With
offices in the New York City Metropolitan area and Los Angeles, The
Spaulding Group, Inc. (TSG) is the leader in investment performance
measurement products and services. TSG offers consulting services,
publishes The Journal of Performance Measurement, a quarterly
publication they launched in 1996, and hosts the Performance
Measurement Forum. Through the Journal of Performance Measurement,
the firm also supports the Performance
Measurement, Attribution and Risk (PMAR™) Conference, which
has become recognized as the leading conference in the industry. In
addition, the firm has also organized the Fixed Income Attribution
(FIA™) Symposium for the past three years. The Spaulding Group's
Institute of Performance Measurement, offers performance measurement
training, including an introductory course on performance measurement,
a course on performance attribution, and CIPM™ exam preparation
courses. The company was founded in 1990 by David Spaulding and provides
services and products to financial institutions throughout the world.
Other details about TSG's services may be obtained from its website:
www.SpauldingGrp.com.
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