UK - Inalytics, the specialist equity manager evaluation firm, is rolling out a monthly transparency report to help pension funds monitor the impact of manager decisions on the portfolio.
The monthly report will build on the firm's quarterly analysis - a service it will continue to provide - in an effort to step up the role of monitoring of asset management and help pension funds gauge how their exposure is positioned.
It will show how the decisions taken by managers have changed the shape of a pension fund's portfolio, and whether there is undue concentration risk with the managers taking identical views on markets, sectors and even stocks.
The report is also designed to show whether the skills shown by the managers prior to the market turmoil are still being displayed.
However, Rick Di Mascio, chief executive and founder of Inalytics, stressed the new report was not intended to function purely as a mechanism for judging asset managers on a short-term basis.
The firm said prior to the escalation of the credit crunch, pension funds were already displaying an increased interest in improving the monitoring of their asset managers as part of their overall governance efforts.
The current crisis has accelerated that demand for more effective monitoring, concluded the firm.
Di Mascio commented: "The current crisis means it is even more important to be able to ask the right questions of the managers and drive the agenda, rather than the reverse."
If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com
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