David Spaulding

David Spaulding
Born	David Donald Spaulding November 11, 1950 Philadelphia, PA (USA)
Education	Temple University (BA, Mathematics, 1972) University of Southern California (MS, Systems Management, 1976) University of Baltimore (MBA, Finance,1981) Pace University (Doctorate in Finance, current)
Occupation	President, The Spaulding Group, Inc.
Religion	Roman Catholic
Spouse	Elizabeth (Betty) (1972-Present)
Children	Christopher (1976), Douglas (1979)
Relatives	Brady (grandson, 2009)
Website
spauldinggrp.com investmentperformanceguy.blogspot.com

David Spaulding (born November 11, 1950) is an American business owner, entrepreneur, author, and consultant. He is an internationally recognized authority on investment performance measurement. He is the founder and president of The Spaulding Group and founder and publisher of The Journal of Performance Measurement. He is also a partner of Edge Financial Group, LLC. Dave is the author of four books and many articles on performance measurement.

Background and education

David Spaulding was born in Philadelphia, where he graduated from Germantown High School (1968) and Temple University (1972). At Temple, he earned a BA majored in Mathematics and was an ROTC cadet. Following graduation, he was a commissioned a second lieutenant in the U.S. Army in the Field Artillery branch, and was stationed at Ft. Sill, Oklahoma and with the 25th Infantry Division at Schofield Barracks, Hawaii. He served on active duty for almost five years, which included a year as an operations research analyst. While stationed in Hawaii he earned his MS in Systems Management (1976). Spaulding later earned his MBA in Finance at the University of Baltimore (1981) and is currently pursuing his doctorate in finance at Pace University.

Career

After leaving the military in 1977, Spaulding joined Computer Task Group as a consultant. For the next 19 years, he worked for a variety of firms developing software applications. During most of this time, he managed systems departments and / or systems projects for both manufacturing and financial services applications, including banking and brokerage. In 1986, he joined Integrated Resources Asset Management, where he assumed the role of Vice President of Systems. After designing and managing the development of the firm's new performance measurement system, he inherited responsibility for the performance measurement reporting function. He left the firm in mid-1990, after it was acquired by Broad Inc. and renamed SunAmerica Asset Management, to start his own firm: The Spaulding Group (TSG)[1].^[1]

The Spaulding Group, Inc.

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, he decided to expand the firm's services and move into verification. In 1994, he conducted a survey of the industry's response to these new standards, which resulted in the firm's first survey report, beginning a tradition which has continued with at least one research/survey project per year.

In 1996, he launched The Journal of Performance Measurement.^[2] The Journal has become the leading place for performance measurement professionals to put forward their ideas. 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 Nobel Prize Winners Franco Modigliani and William F. Sharpe, and portfolio managers Gary Brinson, Jack Bogle, and Barton Biggs.

In 1998 he created 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 and software vendors.

In 2003, he 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.^[3]

Spaulding began writing articles shortly after forming TSG, first for Wall Street & Technology, and later Traders Magazine and other publications. He has also written numerous articles for The Journal of Performance Measurement. His first two books, Measuring Investment Performance (1987) and Investment Performance Attribution (1993) were published by McGraw-Hill. His most recent books (Handbook of Investment Performance Measurement, first (2005) and second (2011) editions) were published by TSG Publishing. He is a contributing author to Performance Measurement in Finance (2002). He is also co-editor (with Stephen Campisi, CFA) and contributing author of Readings in Fixed Income Attribution (2007) and co-editor (with James A. Tzitzouris, Jr., PhD.) and contributing author of Classics in Investment Performance Measurement (2009), both published by TSG Publishing.

Published works

• Measuring Investment Performance (1987)
• Investment Performance Attribution (1993)
• Handbook of Investment Performance Measurement, 1st edition (2005)
• Handbook of Investment Performance Measurement, 2nd edition (2011)
• Performance Measurement in Finance (2002, contributing author)
• Readings in Fixed Income Attribution (2007, co-editor and contributing author with Stephen Campisi, CFA)
• Classics in Investment Performance Measurement (2009, co-editor and contributing author with James Tzitzouris, Jr., PhD)

Committee work

Spaulding has served on a variety of industry committees and working groups, including the Investment Performance Council,^[4] the GIPS Interpretations subcommittee,^[5] the AIMR-PPS Implementation Committee,^[6] the U.S. Investment Performance Committee,^[7] and the IRR Working Group.

Community service and local politics

Spaulding has been active in his local community of North Brunswick, New Jersey since shortly after arriving in 1981. He served with the youth baseball program for close to 12 years, initially as a coach/manager and later as league president for three years. He also served as coach for the youth basketball program for three years. Spaulding and his wife are also very active in their church, where David served for many years on the finance council.

Spaulding entered politics in 1996 and was elected councilman in 1997. He served as council president in 1999. In November 1999 he was elected to a four-year term as mayor, and was sworn into office January 1, 2000.^[8] His achievements included officiating over more than 250 weddings, and one of his greatest accomplishments was arranging for his Director of Human Services, Leslie MacNeill, to form and direct a committee to erect a memorial to the victims of 9/11.^[9] During his term, property taxes were kept low, only rising by a single point over the full four-year term. His administration was broadened and included the township's first black judge, its first female judge, and saw an increase in black police officers, from a single member at the time of his swearing in to eight out of a force of 85. He initiated an annual "Senior Prom" dance and dinner, as well as an annual holiday dinner dance for the senior citizens of North Brunswick.

References

1. ^ The Spalding Group, Retrieved July 2011
2. ^ http://www.spauldinggrp.com/jpm.html
3. ^ http://www.cfainstitute.org/cipm/overview/Pages/cipm_program_history.aspx
4. ^ http://www.cfapubs.org/doi/pdf/10.2469/ccb.v2005.n5.4002?prevSearch=%24%7BresultBean.text%7D&
5. ^ http://gipsstandards.net/about/governance/meetings/2007/march/pdf/open_14m_promotionawareness_report.pdf
6. ^ http://www.cfainstitute.org/ethics/Documents/Codes%20Documents/redraft_aimrpps.pdf
7. ^ http://www.cfainstitute.org/about/governance/committees/Pages/usip_committee.aspx
8. ^ http://www.dailytargum.com/2.8694/spaulding-dominates-mayoral-race-1.1527050
9. ^ http://www.northbrunswickonline.com/9-11.html

Persondata
Name	Spaulding, David
Alternative names
Short description
Date of birth	November 11, 1950
Place of birth	Philadelphia, PA (USA)
Date of death
Place of death