Somerset, NJ – March 16, 2000. Kansas City-based American Century
Investments has selected The Spaulding Group, Inc. (TSG) to help
it become compliant with the Association for Investment Management
and Research’s Performance Presentation Standards (AIMR-PPSSM).
“We
were very impressed with The Spaulding Group’s depth of experience
and extensive involvement with assisting firms in becoming compliant
with the AIMR-PPS reporting standards” said Steve Levitt, American
Century’s director of portfolio content and analysis. “We needed
a partner who can bring us into compliance quickly, and TSG is
qualified to do this.”
“We
are obviously very pleased to have been chosen to do this task”
said TSG’s president, David Spaulding. “The competition for this
assignment was quite strong, but we were confident we had the
skills and experience American Century wanted.”
AIMR’s 1997 standards book defines these presentation standards
as “a set of guiding ethical principles which should be interpreted
as the minimum standards for presenting investment performance
to prospective clients. The standards have been designed to achieve
the following four goals:
- achieve greater uniformity and comparability among performance
presentations;
- improve the service offered to investment management clients;
- enhance the professionalism of the industry;
- bolster the notion of self-regulation.
“The
Standards set expections and provide an industry yardstick for
evaluating fairness and accuracy in investment performance presentation.”
American Century is a mutual fund, brokerage and investment services
company serving nearly two million individual and institutional
investors. It was recently selected as one of FORTUNE Magazine’s
100 Best Companies to Work for in America. Through its broad selection
of more than 70 mutual funds, the Kansas City, Missouri-based
company manages more than $115 billion in assets. James E. Stowers
Jr. founded the company in 1958 and serves as chairman. His son,
James E. Stowers III, is chief executive officer and William M.
Lyons is president and chief operating officer. For more information
on company products and services, visit its website at www.americancentury.com.
The Spaulding Group, Inc. is a management consulting, research,
publishing and training firm that serves the money management
industry in the areas of computer technology, operations, performance
measurement and reporting, and marketing. TSG also publishes The
Journal of Performance Measurement, a quarterly publication
they launched in 1996, and hosts the Performance Measurement Forum.
The company was founded in 1990 by David Spaulding and provides
services and products to financial institutions throughout the
world.
