Northern Trustâs online performance analysis tool, Fundamentals, now provides access to internal rate of return (IRR) measures and on-the-fly analysis of the funding status and growth of private markets assets, including private equity and real assets. In addition, Fundamentals includes on-demand access to sophisticated metrics that more accurately portray hedge fund performance, such as skew-ness, kurtosis, maximum drawdown, upside variance, Sterling ratio and Calmar ratio.
âThese accounting and performance measurements go beyond traditional mean-variance analysis, recognizing the need to understand the often non-normally distributed return behavior of private equity, hedge funds and real estate,â said Christopher Mullooly, product manager for Investment Risk and Analytical Services at Northern Trust. These enhanced core metric capabilities are available to all clients subscribing to Northern Trustâs performance analysis service and are delivered via PassportÂ®, Northern Trustâs online data platform.
Northern Trust has also strengthened the Private Monitorâ¢ brand of premium private equity investor services with the deployment of Private iÂ® 5.0, by the Burgiss Group. Clients can track and analyze performance, and obtain ad hoc reports on various internal rate of return analyses, modified internal rate of return (under varied assumptions), funding and distribution ratios, and benchmark internal rate of return analysis. In the Private Monitor suite, Northern also offers the Burgiss Groupâs browser-based application, Private InformantÂ®, a âlook-throughâ reporting of partnership company holdings.
âNorthern Trust is committed to providing innovative and relevant performance and risk reporting across all asset classifications,â said Paul Finlayson, product manager for Alternative Asset Services at Northern Trust. âWe will continue to evolve both our core and premium capabilities while partnering with the best in the industry, like the Burgiss Group. These innovations, coupled with our unique data capture and consultative experience, will help our clients efficiently manage the time and resources they must dedicate to meet their risk management responsibilities required to properly oversee these investments.â