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 Consultant’s Guide to Investment Presentations

As an investment consultant, quarterly reviews can be an unnerving time of year. The stress that goes into justifying the decisions made for the quarter, whether it be about performance, manager lineups, or overall strategy, is something that can be easily avoided by developing a thoroughly thought out investment presentation. (more…)


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