Somerset, NJ – September 27, 2007. The Spaulding
Group, Inc. announced today that the Performance Measurement Forum
has formed a working group to develop standards for hedge fund performance.
The Hedge Fund Working Group is comprised of 11 members and co-chaired
by David Spaulding of The Spaulding Group and Christine Iannacone
of Goldman Sachs. The group's goal is to develop standards that address
several aspects of performance including return calculation, attribution,
risk measurement, and the Global Investment Performance Standards
(GIPS®), as they relate specifically to hedge funds. Other members
of the working group are Doug Rogers of CTC Consulting, Stefan Illmer
of Credit Suisse, Jason Totedo of Wilshire Analytics, John Jacobi
and Sam Mello of GMO, Martin Schliemann of Ernst &Young, Meredith
Jones of PerTrac Financial Solutions, Nadia Vandalen of Morningstar
and Paul d'Ouville of Northern Trust.
"It's been evident for some time that the hedge
fund industry has special requirements when it comes to performance
and risk measurement, and yet there haven't been any guidelines available"
said David Spaulding. "It's our hope to have proposed standards
within the next six-to-nine months that the industry can use and benefit
from."
The Performance Measurement Forum is a highly interactive
group of senior performance measurement professionals which has been
organized by The Spaulding Group. With offices in the New York City
Metropolitan area and Los Angeles, 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. The firm hosts the annual Performance
Measurement, Attribution and Risk (PMAR™) Conference as well
as other events. The firm also offers performance measurement training,
including an introductory course on performance measurement and a
course on performance attribution. Other details about TSG's services
may be obtained from its website: www.SpauldingGrp.com.
#
