Research
Project Coinciding with Latest Version of
GIPS®
Standards
Somerset,
NJ – March 28, 2005. The Spaulding Group, Inc. (TSG) announced
today that it will conduct it's sixth survey of the Performance Presentation
Standards. The "presentation standards" began with the Association
for Investment Management and Research's Performance Presentation
Standards (AIMR-PPS® standards), which went into effect in January,
1993. With the introduction of the Global Investment Performance Standards
(GIPS® standards), as well as various country-specific standards,
the term has taken on a much broader meaning, and this survey addresses
the full breadth of the standards. "This is an exciting time
for the standards" said TSG's senior vice president, Patrick
Fowler, who heads up the research area. "This is the third time
we will address the global standards and the first time there has
been any significant change to them. We want to see how the industry
is going to respond to the changes."
TSG was the first firm to research the industry's attitudes about
the AIMR-PPS standards and this recent effort will mark the sixth
time TSG has surveyed the industry on these standards.
There
are four distinct surveys on TSG's website, each tailored to a particular
segment of the investment industry: investment managers, plan sponsors,
investment consultants, and verification firms. The surveys are available
in MS/Word and PDF format. Survey participants will receive a complimentary
copy of the survey (a US$395 value) as well as a gift certificate
for $50 for assisting with this research effort.
CFA Institute (formerly AIMR) has agreed to assist with the survey
content as well as to make it's E-mail Alert list subscribers aware
of this research effort. We greatly appreciate all the support and
insight we have received from the survey cosponsors:Advent,
CAPS, Eagle
Investment Systems, Financial Models,
First Rate Investment Systems,
Informa Investment Solutions,
Kreischer
Miller, Performa,
StatPro and Wilshire
Associates.
"We are very excited that our cosponsors have agreed to support
this effort," said David Spaulding, TSG's president. "The
standards have had a major impact on the industry over the past thirteen
years and it's fitting to see where we stand today, especially in
light of the changes to GIPS and the move to convergence."
"This is a global research project," said Patrick Fowler.
"We encourage money managers, plan sponsors, consultants, and
verifiers from around the world to participate and provide their input
during the coming months, as we will process the data this summer,
and publish the results in August/September. Even if a firm doesn't
currently support or comply with the standards, we want to hear from
them."
The
Spaulding Group, Inc. is the leader in investment performance measurement
products and services. TSG publishes The
Journal of Performance Measurement®, a quarterly publication
they launched in 1996, and hosts the Performance
Measurement Forum. The firm conducts the annual Journal
of Performance Measurement Performance Measurement, Attribution and
Risk (PMAR™) conference in New York. Through the Institute
of Performance Measurement, the firm offers performance
measurement training, including an introductory course on performance
measurement, a course on performance attribution, and a performance
measurement class specifically designed for plan sponsors and consultants.
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.
