For
Further Information, call:
Patrick Fowler , The
Spaulding Group: 732-873-5700
THE
SPAULDING GROUP PUBLISHES RESULTS
OF 2002 PERFORMANCE ATTRIBUTION SURVEY
First
survey to address this important aspect of performance measurement
Somerset, NJ –
July 2002. The Spaulding Group, Inc. announced
today that it has published the results of its recent survey of the
money management industry on performance attribution. Three groups were
targeted: money managers, plan sponsors, and investment consultants.
"This is the first survey to address what we believe to be the
hottest area in performance measurement today: attribution," said
Patrick Fowler, senior vice president who oversaw the research effort.
"We are very pleased with the amount of information we gathered
from this effort. The survey touches on virtually every aspect of attribution."
"We believe the survey not only shows what people think and do
with attribution, but also identifies some of the areas of confusion"
said TSG's president, David Spaulding. "For example, a large number
of respondents said they prefer geometric attribution over arithmetic.
We believe that most people assume we're referring to geometric linking,
a basic aspect of rate of return calculation. In reality, we're talking
about how excess return is derived, which is a very different matter."
The survey's cosponsors
were Vestek,
StatPro, SunGard
Investment Management Systems, ORTEC
International, SAMS, and Financial
Models.
This in-depth report includes a summary section with over 30 color graphs,
plus the detailed answers. The survey report is available for US$395.
Further information about the survey may be obtained by contacting Patrick
Fowler (001-732-873-5700; 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. The company was founded in 1990 by David
Spaulding and provides performance resources to financial institutions
throughout the world.
