In response to the news, Stephen Campisi said, "It is an honor to receive this award in recognition of the work that Patrick Fowler and I have done, to advance the principles of stewardship and a goals-based approach in the investment of client assets, and the measurement of our success. We hope that this perspective will guide us to serve our clients more effectively and to reflect credit on our industry."
Fowler added, "We wanted to challenge the status quo by looking at the end-user and asking the question, 'What do I want from my money manager in terms of financial advice and reporting?' As financial stewards, reporting portfolio performance should be in terms of total returns net of taxes, fees, and inflation."
The Peter O. Dietz Award was established in 2001 to recognize the best article of the year. Past winners include such thought leaders as Brian Singer, CFA; Jose Menchero, Ph.D.,CFA; and David CariÃ±o, Ph.D.
The 2011 award winners will be formally announced in the Fall 2011 issue of The Journal of Performance Measurement, and the paper will be presented as the keynote address at PMAR North America X and PMAR Europe III in May and June 2012, respectively.