User:Dmost76/sandbox

The Spaulding Group (TSG), founded in 1990 by David Spaulding, is a consulting firm to the money management industry with offices in Somerset, New Jersey and Malibu, California. Their focus is investment performance measurement. The Spaulding Group's clients include investment advisors, banks, mutual funds, broker-dealers, insurance companies, hedge funds, custodians, investment consulting firms, prime brokers, plan sponsors, family offices and software vendors.

History
Spaulding formed TSG to develop systems applications as well as to assist firms with operational issues. However, in 1992, as the AIMR Performance Presentations Standards were becoming a reality, the firm's focus shifted to performance measurement and their services expanded to include GIPS verification. In 1994, TSG conducted a survey of the industry's response to these new standards, which resulted in the firm's first survey report. From this point forward, The Spaulding Group has continued it's research efforts with an annual research/survey project focused on various topics within the investment performance industry.

In 1996, The Spaulding Group launched The Journal of Performance Measurement. It is published quarterly with a fifth supplemental issue per year. Frank Russell chose the Journal as the place to reveal their previously secretive attribution linking model. This was followed by Wilshire and Thomson/Vestek. The Journal has conducted and published interviews with many noteworthy individuals including including Nobel Prize Winners Franco Modigliani and William Sharpe, and portfolio managers Gary Brinson, Jack Bogle, and Barton Biggs.

In 1998, TSG introduced The Performance Measurement Forum, a membership group for performance measurement professionals. The Forum has two chapters: North America and Europe. Members include the heads of performance for many leading investment firms, custodians and software vendors.

In 2003, David Spaulding chaired a blue ribbon committee that was charged with developing a certification program for investment performance measurement professionals. When it was announced that the CFA Institute had launched a similar initiative, the group was disbanded and its work product turned over to the CFA Institute's Certificate in Investment Performance Measurement (CIPM) program. The CIPM program has formally acknowledged Spaulding as the initiator of the concept of certification for performance professionals.

Consulting
The Spaulding Group assists firms in evaluating the broader areas of performance including calculations, reporting, systems issues, data issues, and GIPS Verification.

Training
TSG provides training to the investment performance industry in the following areas: Fundamentals of Peformance Measurement, Performance Measurement Attribution, Risk and CIPM Exam Preparation

Research
The Spaulding Group surveys the investment industry annually on topics that include Performance Technology, Attribution, GIPS, Risk, and The Performance Measurement Professional.

Publishing
In addition to publishing The Journal of Performance Measurement, TSG Publishing produces the Spaulding Series of books.

The Spaulding Series

 * Pension Funds: Measuring Investment Performance by Peter O. Dietz (2004)
 * Handbook of Investment Performance Measurement, 1st edition by David Spaulding (2005)
 * Readings in Fixed Income Attribution(Compilation) (2007)
 * Classics in Investment Performance Measurement (Compilation) (2009)
 * Handbook of Investment Performance Measurement, 2nd edition by David Spaulding (2011)

PMAR Conferences
TSG hosts two conferences per year - PMAR and PMAR Europe. PMAR stands for Performance Measurement, Attribution and Risk. The PMAR Conference has been held annually in the United States since May of 2003, while PMAR Europe's inaugural event was held in June of 2010 in London and is also held annually. The conferences are geared towards all levels of investment performance professionals.

The Performance Measurement Forum
Introduced in 1998, The Performance Measurement Forum is a membership group for performance measurement professionals. The Forum has two chapters: North America and Europe. Members include the heads of performance for many leading investment firms, custodians and software vendors.

PerformanceJobs.com
In 2007, The Spaulding Group established PerformanceJobs.com, a job placement website focused solely on investement performance measurement, attribution, and risk professionals.