Somerset,
NJ – April 12, 2004. The Spaulding Group (TSG) announced today
that they have formed a non-profit corporation, The Foundation of
Investment Performance Professionals, which will focus on enhancing
the investment performance measurement profession.
The first item on the foundation's agenda is to offer formal certification
for those individuals involved with investment performance measurement.
"We've seen this segment of the investment industry expand considerably
over the past ten years, with the introduction of performance presentation
standards (the AIMR-PPS® (Association for Investment Management
and Research Performance Presentation Standards) and GIPS® (the
Global Investment Performance Standards)), increased use of performance
attribution and analysis tools, the growth of risk measurement and
management tools, and broadening of the use of rates of returns"
commented TSG's president and foundation trustee, David Spaulding.
"It's important that those individuals who have developed the
requisite skills and expertise get the attention they deserve."
The foundation will offer membership opportunities and other benefits
to the investment industry. Anyone interested in learning more about
the program should contact Patrick Fowler (732-873-5700; PFowler@SpauldingGrp.com).
The
Spaulding Group, Inc. is an information provider and management consulting
firm that serves the money management industry in the areas of performance
measurement and reporting, computer technology, operations, and marketing.
TSG publishes The
Journal of Performance Measurement®, a quarterly publication
they launched in 1996, and hosts the Performance Measurement Forum.
Through its Institute of Performance Measurement, the firm offers
performance measurement training, including a two-day
introductory course on performance measurement, a one-and-a-half-day
course on performance attribution, and a one-day performance measurement
course for plan sponsors and consultants. TSG also hosts an annual
Performance Measurement,
Attribution and Risk Conference (PMAR™) scheduled for May
17-18, 2004 in New York City.The company was founded in 1990 by David
Spaulding and provides performance resources to financial institutions
throughout the world. Other details about TSG's services may be obtained
from its website: www.SpauldingGrp.com.
