Investment Metrics, the leading provider of investment performance analytics and reporting solutions, released today its market summary of the top 20 portfolios that gathered tax-exempt assets across public equity, high yield, and emerging markets debt in 2018.
Investment Metrics, the leading provider of investment performance analytics and reporting solutions, announced today the launch of its new branding, designed to reflect the company's mission to power the global institutional investment community through unique technology and data solutions.
The median net return across all institutional plans in the InvestorForce Plan Universe was -7.2% for the fourth quarter according to the firm's latest data release.
Institutional investors have warmed to private equity in recent years, pushing up aggregate allocations to the asset class. Endowments and foundations historically have invested more in private equity relative to other asset owners, but other investors are growing their presence, as the returns and portfolio benefits have become hard to ignore.
Investment Metrics was recognized by Capital Markets CIO Outlook Magazine as a top 10 portfolio analytics solution provider.
The median return across funds in the InvestorForce Plan Universe for the three months ended Sept. 30 was 2.3%, net of fees, according to the company's third-quarter update. The median universe net return over the trailing 12 months was 6.12% while the median trailing five-year return was 6.51%.
Data from Investment Metrics show that institutional investors moved assets out of equities and into fixed income during the first half of 2018. Some $93 billion came out of U.S. equity strategies through June 30, with another $71 billion coming out of non-U.S. strategies. Of those totals, $57 billion and $50 billion were redeemed by tax-exempt investors, respectively. Conversely, $113 billion went into U.S. fixed-income strategies ($104 billion from tax-exempt investors), and a smaller $16 billion, all from tax-exempt investors, flowed into non-U.S. fixed income.
InvestorForce will merge with Investment Metrics and aim to expand European and Asian footprint. With the acquisition, Resurgens will merge MSCI’s InvestorForce with Investment Metrics, one of its portfolio companies. The transaction is expected to close in the next three months.
Resurgens Technology Partners is acquiring performance measurement and reporting software firm InvestorForce Inc. from MSCI Inc. Terms of the deal, expected to close within the next three months, were not disclosed. Resurgens will merge InvestorForce with Investment Metrics, its own performance measurement, and reporting software company. The combined company will operate under the Investment Metrics name and have institutional investment consulting clients overseeing $10 trillion in assets under advisement using the platform.