Proteus will identify specific reporting requirements of each client and structure a format that addresses those specific needs. Beginning with total return, performance reporting can span the range from returns relative to benchmarks, returns relative to the universe of fund managers, measures of dispersion and risk, to absolute and comparative returns by total fund and asset class.

The obligation of a fiduciary is not necessarily to guarantee “good” or even positive performance, but rather to ensure that investment decisions are entered into only in the light of reasonable expectations regarding their outcome. Such expectations should be founded on reasonable and sufficient information and good judgement, whatever their actual affect on performance. Hence, retirement plan sponsors should have in place a process to demonstrate the application of a careful, systematic and informed decision-making process rather than on the achievement of any particular set of results. This decision making process is an integral component of the Proteus Pension Governance Process.