Frank Russell Securities is spearheading a drive to get transition management regulated and has been talking with the regulators about developing a common set of standards.
According to Russell, the transition management industry should adopt common global standards for the calculation and presentation of performance during portfolio transitions.
Director Robert Collie says the absence of standards leaves clients with incomplete reporting in many cases.
Client executive Craig Clothier adds that regulation for transition managers is long overdue, as not all measurements are made in the same way.
He argues that it is possible for the same measurement disciplines found elsewhere in the investment industry to be applied to transitions.
