More Money Managers Embrace Performance Standards

January 9, 2002 ( While the vast majority of surveyed money managers say their performance reporting is compliant with at least one presentation standard, plan sponsors still have room for concern.

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.