A new survey by PricewaterhouseCoopers has found that nearly 100% of investment manager respondents say they are compliant with at least one performance presentation standard – or were looking to become so in the near future.
Among the key findings from the survey:
- Just 75% of respondents were currently compliant with the standards and indicated that they were verified in some way; 13% of respondents were verified on a firm-wide basis and 62% were receiving an examination of one or more individual composites.
- Roughly two-thirds of those not verified planned to become so within the next two years.
- 50% of respondents included performance results on their Web sites and 60% claimed compliance with a chosen standard on their websites.
- 75 % of respondents answered questions relating to attribution, 91 % of respondents used or were planning to implement an attribution system.
- Nearly 70 % of those respondents included performance attribution because it provided a marketing advantage.
The ‘2001 Global Trends in Performance Measurement’
survey was based on responses gathered from more than 60
global asset management firms worldwide with managed assets
ranging from $3 billion to more than $200 billion.