London 25 November 2006 – The first operational performance analysis of tier one investment managers has been published by FSmetrics Limited covering 24 key asset managers investing in equities globally.
Using data provided by institutional brokers, the Investment Manager Performance FSmetrics report covers operational performance across four key areas: transaction timeliness, transaction accuracy, transaction management and SSI deployment. Typical of the elements being rated is the speed of turnaround of allocations once the trade has been executed
Graeme Austin, FSmetrics managing director, says: "We are very pleased to publish this vital information to our subscribers. They now have a unique insight into the operational performance of their named asset management peers with data which cannot be sourced anywhere else."
The service is set to expand into coverage of Fixed Income activity by Q1 2006. FSmetrics intends to increase the depth as well as the breadth of the analysis as the service beds down and evolves. Austin adds: "Thanks to the ongoing support of the buy and sell side, we are in a position to capitalise on a valuable proposition: namely that we can show asset managers – and their institutional brokers – where the operational pressure points are. And the underlying data for this analysis comes from those who are experiencing the operational activity at first hand. This is objective, hard data on an area of ever-increasing concern."
The service was initiated due to demand from both buy and sell side firms who were seeking an objective measure of investment management operational performance. A group of brokers formed a working group to define what criteria should be measured and how to carry out the scoring of these criteria. Once the resulting rating definition document was signed off by the working group, the Investment Manager Performance FSmetrics service was able to go live.