Somerset,
NJ –– May 6, 2002. The Performance Measurement Forum announced
today that it has developed performance attribution standards for
the investment industry. These standards appear in the Winter issue
of The Journal of Performance Measurement® and were authored by
David Spaulding, president of The Spaulding Group, Inc. Interest in
these standards has evolved considerably, because when it was discussed
three years ago at the forum meetings, there was very little support.
However, at the Spring 2002 meeting of the European Chapter of the
Forum in Oslo, Norway, the members quickly recognized the benefits
of having such standards. At their Spring meeting in San Francisco,
the North American Chapter, also voiced strong support for formal
attribution standards.
"For many, the thought of attribution standards means specific
models or calculations. On the contrary, these standards primarily
deal with the disclosure of information about how the attribution
was calculated for clients and prospects" said Spaulding. "Given
the various ways of deriving attribution, it's very important that
the methodology be clearly defined."
The investment industry is encouraged to comment
on these proposed standards. In addition to being in The Journal,
they are also posted on The Spaulding Group's website (www.SpauldingGrp.com),
where comments will also be posted.
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
19-20, 2003 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.
