Dow Jones Newswires and The Rankings Service Announce Co-Marketing and Distribution Alliance; The Alliance Covers Four Products That Offer an Independent Analysis of the Performance of Individual Mutual Fund Portfolio Managers.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & NEEDHAM HEIGHTS, Mass. -- Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Newswires--the market-leading provider of news and information to financial professionals--and The Rankings Service (TRS See traffic engineering methods. TRS - term rewriting system )--the premium, independent research service that tracks and ranks the performance of individual mutual-fund portfolio managers--have signed a letter of intent to co-brand and co-market an innovative suite of independent, mutual-fund information and fund-manager benchmarking products and services for the premium financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. market. The product suite will be branded "The Rankings Service with Dow Jones." The four products covered in the alliance are TRS Advisor Pro, TRS Reports, TRS Director Pro and TRS Compliance Pro. Each offers unbiased, objective information on portfolio managers and the mutual fund industry for financial institutions and professionals. Most mutual fund rating services rate the performance of funds--as opposed to the performances of individual managers. The TRS approach, in contrast, is based on the investment performance of individual managers. "TRS' suite of products brings the same objective reporting and analysis as Dow Jones," said Paul J. Ingrassia, president, Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July . "Together, we bring a trustworthy, standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. perspective on fund managers to a marketplace in search of unbiased sources." "The Rankings Service is delighted to ally with Dow Jones," said Jim Lowell, III, chairman, The Rankings Service. "Most of all, TRS is pleased to ally its innovative content with Dow Jones in its capacity as the enduring gold standard for integrity and transparency for the financial community." TRS' rich data and analytics on the performance of individual mutual fund managers are acknowledged to be unique in the industry. They are specifically designed to serve financial institutions and professionals that stand at an arm's length arm's length adj. the description of an agreement made by two parties freely and independently of each other, and without some special relationship, such as being a relative, having another deal on the side or one party having complete control of the other. from the managements of fund companies. These include principal investors, independent financial advisers, financial planners Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. , brokers, fund fiduciaries such as trustees and independent directors, fund-compliance officers, and other financial professionals engaged in screening and tracking the investment performance of individual fund managers. Details of the four products covered in the Dow Jones and TRS alliance are as follows: --TRS Advisor Pro--tracks portfolio managers and provides TRS Manager Scorecards to financial advisers, brokers, financial planners, and other financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. and professionals. --TRS Reports--features TRS' proprietary data and analytics for the institutional market. --TRS Director Pro--is for fiduciaries such as independent directors of mutual funds, plan sponsors, trustees, and other parties and entities charged with monitoring and measuring the performance of funds on behalf of constituencies such as shareholders and investors--with the overriding objective of gauging whether, and the extent to which, individual portfolio managers are adding value over benchmarks. --TRS Compliance Pro--is for compliance officials and others who seek independent, third-party tracking of individual portfolio manager performance for monitoring, measurement, and forensic fiduciary and regulatory compliance purposes. "The first wave of the corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. movement has resulted in greater corporate disclosure--and increased accountability of corporations to institutional shareholders substantially represented by money-management firms and portfolio managers," said Burton D. Sheppard, president, The Rankings Service. "TRS believes the next wave is to extend that demand for greater transparency and accountability. This accountability should flow from fund-management firms to the fiduciaries for, and actual owners of, the assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. ." Mr. Sheppard continued, "Hence, TRS' ranking of individual portfolio managers' performance can become a standard measure for advisers, independent directors and trustees, fund shareholders and retirement-plan participants." About Dow Jones Newswires Dow Jones Newswires (djnewswires.com) offers real-time news and information solutions for financial professionals providing investment, advice and institutional services. The division also offers news for financial firms' Web sites and Dow Jones Financial Information Services' database, newsletter and event businesses. In addition to Dow Jones Newswires, Dow Jones & Company (NYSE NYSE See: New York Stock Exchange : DJ; www.dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Indexes, MarketWatch, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC Universal NBC Universal is a media and entertainment company formed in May 2004 by the combination of General Electric's NBC with Vivendi Universal Entertainment (part of the French Media Group, Vivendi SA). GE owns 80% of NBC Universal with the remaining 20% owned by Vivendi SA. of the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. About The Rankings Service THE RANKINGS SERVICE was developed by Lowell Sheppard Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Needham Heights, MA, a third party, independent research firm specializing in providing individual manager-focused, innovative performance evaluation Performance evaluation The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return and monitoring products and services with respect to open- and closed-end mutual funds. Principals of Lowell Sheppard Holdings, LLC are James H. Lowell III and Burton D. Sheppard. TRS has adopted a voluntary policy to insure independence from the managements of the fund companies whose managers it ranks. TRS does not solicit, engage in, or accept payment for, the licensing of its rankings or other content for use in advertising, marketing or sales materials of fund companies. TRS presents its data and analytics based on only objective and measurable criteria. TRS Advisor Pro is available for purchase as a premium entitlement on Pershing, LLC's NetExchange Pro platform by financial advisors who clear through Pershing. TRS Advisor Pro can be purchased via an individual subscription or via a bundle with a Morningstar research product. TRS Advisor Pro is available on a subscription basis to other advisors via www.trsreports.com. Customized and premium applications, and other TRS content can be purchased via subscriptions, firm-wide site licenses, and on an individual report basis. Customized TRS content which tracks specific line-ups of individual managers, fund families, preferred lists, and/or other combinations of criteria are available by special arrangement with TRS. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion