Administration September 1, 2002
More Money Managers Embrace Performance Standards
January 9, 2002 (PLANSPONSOR.com)- 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.
Reported by Nicole Halsey
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.