According to the announcement, the updated T Standard clarifies certain past ambiguities, expands its reach to uncovered investment areas, and improves the level of transparency provided to investors.
Russell said it will continue to make the T Standard available to all transition providers, plan sponsors, consultants, and other institutional investors.
“In our view, uniform transparent standards for calculating implementation shortfall incurred during a transition are a prerequisite to prudent pre-trade planning and meaningful oversight,” said Steve Glass, Senior Vice President and Manager of Plexus Plan Sponsor Group, in the announcement. “The T Standard empowers asset owners to provide balanced assessments of transition results across multiple events and providers. This makes it a valuable tool in transition management.”
The new standard will be available on the Russell Web site at www.russell.com/tstandard .