2019 Best Practices & Trends in Client Reporting

No matter if you are heading into quarterly client reporting or planning ahead for the new year, now is the time to keep reporting best practices top of mind. The best presentations are the ones that don’t feel like presentations, so we’ve compiled some quick tips on how to tell a story with your reports to deliver your strongest presentation to date. (more…)


Capital Markets CIO Outlook Magazine Named Investment Metrics a Top 10 Portfolio Analytics Solution Provider

Darien, CT – November 29, 2018 – Investment Metrics, the leading provider of investment performance analytics and reporting solutions for the institutional investment industry, announced today that it has been recognized by Capital Markets CIO Outlook Magazine as a top 10 portfolio analytics solution provider. The announcement caps a year of achievement for Investment Metrics, including the acquisition of InvestorForce from MSCI.



Investment Metrics Performance Report: Separate Accounts & Commingled Funds – Q2, 2018

Fixed Income

The lackluster returns for US fixed income have continued through the first half of 2018. The US Federal Reserve has raised the fed funds rate twice already this year by 25 basis points each time; this has proved challenging for bond investors in the short-term.

Asset managers in the US broad core and core plus peer groups have been able to outperform their benchmark, the Bloomberg Barclay’s US Aggregate Index, yet, overall returns are modest. In prior quarters US corporate bonds were able to provide better returns for investors, however, in the past two quarters, this sector has struggled. Fortunately, asset managers were able to provide some active returns during this period. (more…)


Investment Metrics Year-to-Date 2018 Asset Flows Summary

Asset Flows Continue their Recent Trend Out of Equity in Favor of Fixed Income

Asset flows continue their recent trend out of equity in favor of fixed income based on the Investment Metrics asset manager research database. Despite impressive long-term returns, US large-cap equity has seen the largest outflows on a total and tax-exempt asset basis. International large-cap equity is not far behind when looking at year-to-date tax-exempt net flows. Comparably, international small-cap equity did well with slight outflows so far this year. Within fixed income, US government bond portfolios and the broad market portfolios have had the most inflows in the past two quarters. Additionally, the US corporate bond portfolios had considerable tax-exempt inflows this year. Surprisingly, in this rising rate environment, there were flows out of short duration bonds in favor of long duration bonds. Overall, investors seem to be removing some of the equity risk in their portfolios and seeking the safety of bonds.

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Investment Metrics and InvestorForce Announce Merger

Resurgens Technology Partners Acquires InvestorForce from MSCI to Form the Leader in Performance Analytics and Reporting Solutions for the Global Institutional Investment Industry

Darien, CT and Conshohocken, PA – July 30, 2018 – Investment Metrics and InvestorForce, two leading providers of investment analytics and reporting solutions for the global institutional investment industry, are merging to further focus on the dynamic and increasingly complex needs of investment consultants, wealth managers and investment managers. Resurgens Technology Partners has entered into a definitive agreement to acquire InvestorForce from MSCI Inc. (NYSE: MSCI), and will merge it with its portfolio company, Investment Metrics. The transaction is expected to close within the next three months, subject to customary closing conditions. Terms of the deal were not disclosed.

The merger enables the combined entity to provide best-in-class investment tools for performance analysis, investment reporting, investment policy statements, peer benchmarking and competitive insights, leveraging the unique and substantial data assets of the combined company. The newly combined company will have clients with approximately $10 trillion in assets under advisement (AUA) running on the platform. This will provide unprecedented insights into global industry-wide asset allocation trends, performance benchmarks, asset flows, plan sponsor and style universe performance, empowering its clients to make more informed investment decisions. In addition, with the resources and development capabilities of the combined entity, the merger enables the firm to strengthen its commitment to solving the many other evolving challenges facing the institutional investment industry, including data aggregation, reconciliation, and the need to produce rich analytical and reporting output.

The Investment Metrics and InvestorForce teams have over forty years of combined institutional investment technology industry expertise. The combined company’s clients include industry leaders such as Aon Hewitt, Mercer, Morgan Stanley, Pension Consulting Alliance, RVK and Segal Marco Advisors, among many others.

The company, which will operate under the Investment Metrics name, will continue to support both the Investment Metrics and InvestorForce software, data and service offerings.

Sanjoy Chatterjee, Founder & President of Investment Metrics, said, “The merger of Investment Metrics and InvestorForce is a logical next step for our clients, employees and the industry. In this changing market where investors are demanding more from their investment solutions, we are confident that our expanded unique data offering, paired with the best in class analytics and reporting solutions, will uncover further opportunities and increase efficiencies for our clients. Together, we will further enhance our existing relationships and build new alliances with the industry’s leading investment consultants, wealth managers, asset owners, trusts, OCIOs and players within the alternatives space.”

Blake McLaughlin, Executive Director, Head of Product Management of InvestorForce, said, “We are pleased to be joining forces with Investment Metrics. The combined company is committed to finding the balance between continuity and growth, from maintaining a disciplined focus on the challenges our clients face today while partnering with them to envision, design, develop and launch next-generation data solutions, flexible workflows, powerful analytics and intuitive report output.” McLaughlin continued, “We very much look forward to the exciting things ahead for our clients.”

John Baumstark, Managing Director of Resurgens Technology Partners, said, “This is a major milestone for the institutional investment community. We are excited to support the combination of these two great companies. This merger enhances our ability to support the growing needs of our clients, leverage the talents of the two teams, provide our clients with an expanded and unique dataset and more rapidly address the market’s evolving requirements.”

Additional information on the merger can be found here.


Institutional Demand for Emerging Markets Corporate Debt – Q1 2018

Latest research from Investment Metrics shows that nearly 2.5 billion dollars were awarded to emerging market debt products in the first quarter of 2018. This marks the third consecutive quarter tax-exempt emerging market debt strategies have had positive asset flows. While the appetite by institutional investors has been increasing, there does not appear to be a consensus on the risk profile favored.

In the first quarter of 2018, 40% of the assets gained went to standard emerging markets debt portfolios (hard currency, local currency, or blended currency). Meanwhile, the other 60% of asset flows went to emerging markets corporate debt, presumably because of their favorable risk-adjusted performance in the near-term. The credit profiles show these winning corporate products having riskier portfolios based on their average credit ratings (BB). Despite the riskier credit metrics, these portfolios have provided a lower standard deviation against peers. In the risk-adjusted return scatter below, those products that are diamond shaped have gained assets in the first quarter of 2018; the color of the diamond associates with the type of emerging markets debt portfolio. Clearly, the corporate debt portfolios compare favorably to peers.

Source: Investment Metrics, InvestWorks, InterSec Research


Investment Metrics releases latest research on Active Management Fee Review 2017

Investment Metrics has released their latest research – Active Management Fee Review 2017 – which highlights that the pressure to lower active management fees became more persistent in 2017.

Key highlights from this report include:

– Most peer groups outperforming their benchmark over the long-term, gross-of-fees, but not by a significant margin
– These active return levels have decreased over the past two years (more…)


Mercer Selects Investment Metrics for Next-Generation Global Investment Analytics and Performance Reporting

NEW YORK and DARIEN, Conn., January 31, 2018 – Investment Metrics, the leader in investment analytics, performance attribution, customized reporting and market intelligence software for the institutional investment and wealth management sectors, today announced that its platform will be deployed across Mercer’s Wealth business in the U.S. Mercer will leverage the Investment Metrics solution to power its institutional client reporting, investment analytics and research capabilities to serve the needs of its institutional defined benefit, defined contribution, endowment, foundation, wealth management, and delegated investment advisory clients. This relationship will continue to enhance Investment Metrics’ robust plan sponsor data universe, which currently stands at $3.5 trillion in Assets Under Advisement as well as further the company’s international expansion efforts.

Mercer was looking for an innovative technology provider that could help address the dynamic needs of its extremely diverse, global client base. Investment Metrics enables Mercer to address this complexity today and in the future. Mercer identified the need for flexibility, transparency, seamless workflow and collaborative client reporting as top priorities for the organization. The comprehensive analytics and more flexible reporting options available on the Investment Metrics platform will enable Mercer to increase productivity and enable new levels of engagement and collaboration with its clients.

“We are excited about how quickly we have been able to successfully deploy this solution and we are impressed with Investment Metrics’ technology and the team’s vast domain expertise, technology and ability to solve complex problems with short lead times,” said James Guilfoyle, Mercer’s U.S. Head of Performance Reporting Operations. “Our selection of Investment Metrics is based upon a shared commitment to satisfy the needs of our clients and business partners by fostering greater innovation in our industry.”

Sanjoy Chatterjee, the CEO of Investment Metrics said, “We’re thrilled to have Mercer onboard and to be part of their global investment advisory ecosystem. They confirm our belief that our comprehensive investment analytics platform can power the biggest global investment practices to drive better results.”


Strong performance lands big client for Investment Metrics (Stamford Advocate)

In the past year and a half, Investment Metrics has faced one of its biggest tests. The investment analytics and reporting firm aced the challenge and landed its largest client to date.

Investment Metrics’ competence persuaded investment management and advisory giant Mercer to deploy the Darien firm’s technology across Mercer’s U.S. wealth-management business. Fully implemented in the past six months, the partnership has dramatically increased Investment Metrics’ reach and also positioned the company to chart a major international expansion.

“We are extremely happy and thrilled to have them as a client,” Investment Metrics Founder and CEO Sanjoy Chatterjee said in an interview last week at the firm’s Darien offices. “It speaks volumes of what we can do for clients of their size and what we can do globally when it comes to complex reporting for institutional clients.”

Mercer approached IM in the fall of 2016, asking the firm to do a “proof of concept” — essentially a pilot program. Not entirely satisfied with its previous reporting provider, whose contract was wrapping up, Mercer was looking for a higher-performing successor.

The test run finished in the spring of 2017. The full roll-out of IM’s technology across Mercer’s U.S. wealth-management business took place last fall.

“Our DNA goes back into the consulting world, where we started this business as part of a consulting firm, so we understood the requirements from the complexity of these asset classes,” Chatterjee said.

About 120 Mercer employees are now using IM’s platform to track the performance of assets of clients spanning the public and private sectors, including endowments and foundations, and whose holdings include defined-contribution and defined-benefit retirement plans.

“With any questions or issues that came up, Sanjoy and his team always responded in a very timely and efficient way,” said Jim Guilfoyle, Mercer’s U.S. head of performance reporting operations. “They always went above and beyond.”

As a result of the Mercer partnership, the total of IM clients’ institutional assets under advisement is jumping from about $10 trillion to some $17 trillion, according to IM data. Among key categories that make up the total, IM clients’ tax-exempt institutional assets under advisement are rising to about $5 trillion from a pre-Mercer tally of around $3.5 trillion. The new tax-exempt total will rank No. 1 among U.S data and investment analytics providers, according to IM.

Mercer could also deploy IM’s services in other countries. IM already has clients in Canada, and the firm is keen to expand into other regions such as Europe and the Asian Pacific Rim.

“This actually validates in the marketplace that we are the true leader when it comes to institutional-plan reporting,” Chatterjee said. “We are very passionate about that segment, and this allows us to entrench into new markets.”

To support its growth, IM plans to hire a few more people by the end of this year. About 20 are based in Darien, and another 16 work for the firm in Bangalore, India, assisting with research and development and back-office operations. Average employee tenure in the Darien offices exceeds 15 years.

IM also maintains an office in Chicago; Guilfoyle is based in the same city. The proximity is an asset, but not a primary reason for the partnership, Guilfoyle said.

“What stands out about the IM platform is the flexibility,” Guilfoyle said. “We’re able to integrate and use some of Mercer’s internal platforms with the Investment Metrics platform. There’s a great flow of data.”

IM was founded in 2010, after it was spun off from investment-consulting firm Rogerscasey. Since its founding, IM has operated in the Parklands Office Park, next to Selleck’s Woods and I-95. A senior residential complex is under construction on the same site, but IM plans to keep its current address.

“It’s a great location with the proximity to New York City,” said Chatterjee, a Norwalk resident. “We are very happy here.”

Source: Stamford Advocate