NEWS RELEASE     

FOR IMMEDIATE RELEASE  

For further information, please call: 

Patrick W. Fowler, The Spaulding Group: 732-873-5700 

Appleton Partners Wins Best GIPS®

Policies & Procedures Contest     


Fiera Capital and John Hsu Capital Group come in Second and Third   

Somerset, NJ – February 27, 2018. The Spaulding Group, Inc. (TSG) announced today that Appleton Partners, Inc., a Boston, MA based investment adviser, won the 2018 Best GIPS® Policies and Procedures contest, with Fiera Capital Inc. and John Hsu Capital Group, Inc., both New York city based advisers, coming in second and third.     

“This contest provided an excellent opportunity for firms to obtain an independent and objective assessment of their policies,” said Patrick W. Fowler, TSG’s president and chief operating officer. “All policies that were submitted underwent a detailed review by a panel of experts, who provided the firms with a written, customized assessment.”     

“One of the most critically important and key requirements of the Global Investment Performance Standards is that compliant firms have written policies and procedures,” said Ashley Reeves, a TSG senior vice president who heads the firm’s Global Investment Performance Standards and non-GIPS verification practice. “As verifiers to more than 200 firms, we get to see a lot of policies: some great, and some not so great.”    

“We take a great deal of pride in our GIPS policies and procedures,” said Drew Peterson, CFA, CIPM, an AVP with Appleton Partners, who is responsible for performance measurement and GIPS compliance. “We think there’s a lot of value to us as a firm in having our GIPS compliance efforts clearly and accurately documented, and naturally it’s always fun to bring a bit of friendly competition in to bear on that process.”    

The contest was open to all asset managers and asset owners who claim compliance with GIPS. The top three policies and procedures will appear in future issues of The Journal of Performance Measurement®. The three top finishers will each receive a trophy; in addition, Appleton Partners will receive a complimentary pass to an upcoming PMAR (Performance Measurement, Attribution & Risk) conference.   

About The Spaulding Group, Inc. 

With offices in the New York City and Los Angeles metropolitan areas, The Spaulding Group, Inc. is the leader in providing investment performance measurement information, through its products and services. TSG provides consulting along with GIPS and non-GIPS verification services; offers unique and proprietary Software Certification and Operation Review services; publishes The Journal of Performance Measurement®, a quarterly publication launched in 1996; and hosts the Performance Measurement Forum. The firm also sponsors the annual Performance Measurement, Attribution and Risk (PMAR) North America and Europe conferences. TSG’s Institute of Performance Measurement offers performance measurement training, including both performance fundamentals and attribution courses, a class on portfolio risk, and two CIPM exam preparation courses. For more information visit: www.gipsverifications.com and www.spauldinggrp.com.   

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