For
Further Information, call:
Patrick Fowler , The
Spaulding Group: 732-873-5700
PERFORMANCE PRESENTATION STANDARDS
READY FOR PARTICIPANTS
Research Project Coinciding with 10th Anniversary of AIMR Standards
Somerset NJ –
August 7, 2002. The Spaulding Group, Inc. (TSG) announced today that
its latest survey of the performance presentation standards has been
posted on its website (www.SpauldingGrp.com) and is ready for access.
The "presentation standards" began with the Association
for Investment Management and Research's Performance Presentation
Standards (AIMR-PPS®), which went into effect in January, 1993.
With the introduction of the Global Investment Performance Standards
(GIPS®), 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 survey isn't just about the AIMR-PPS"
said TSG's senior vice president, Patrick Fowler, who heads up the research
area. "For the second time, we're addressing GIPS, and also want
input on all the various country standards."
TSG was the first firm to research the industry's attitudes about the
AIMR-PPS and this most recent effort marks the fifth time TSG has surveyed
the industry on these standards. This is the second time the firm has
investigated GIPS.
There are four distinct surveys on TSG's website, each tailored for
a particular segment of the investment industry: investment managers,
plan sponsors, investment consultants, and verification firms. The surveys
are available in MS/Word and PDFformat. Survey participants will receive
a complimentary copy of the survey (a US$395 value) for assisting with
this research effort.
AIMR and the Investment
Management Consultant's Association (IMCA) are supporting this research
effort by encouraging their members to participate. In addition, nine
firms are cosponsoring the effort: SunGard
Investment Management Systems, Integrated
Decision Systems, Investment
Scorecard, Financial Models, First
Rate Investment Systems, Russell/Mellon
Analytical Services, StatPro, Performa
and Ashland Accounting.
"We are very excited that AIMR and IMCA 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 ten years and it's fitting to see where we stand today, especially
in light of the introduction of GIPS and the recent changes to the AIMR-PPS."
In 2001, a new version of the AIMR-PPS was published which resulted
in these standards becoming the U.S. and Canadian Country Versions of
GIPS.
"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 month of August, as we hope to process the data in September, and
publish the results in October. Even if a firm doesn't currently support
or comply with the standards, we want to hear from them."
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.
