When it comes to measuring and analyzing performance in the asset management industry, the quality of both source and calculated data is of paramount importance.
Workflow is the treadmill of asset management. This isn't to un-glamourize it: it's an essential component as the data around thousands of portfolios flow in.
Flexibility and advanced functionality are the watchwords of any modern middle office when it comes to performance measurement.
Ask any middle office team what keeps them awake at night and, nine times out of ten, they will cite one overriding issue: data management.
Ask any asset manager about their dream system for the middle office and the response would typically include three words: fast, accurate and efficient.
"Making the complex simple" is an ambition of the asset management industry that somehow never seems to materalize. As far as performance measurement is concerned, this is an intrinsically difficult area...
In a recent report, Ernst & Young created its "Top 10 action list to achieve better risk management". One suggestion is that leading managers will continue to be those firms which can exercise complete control...
The benefits of combined performance and risk analytics are well documented, but until recently have been an impossible ambition.