iPM Performance, the latest addition to the iPM Technology Platform, proactively monitors rates of return on multiple levels including total portfolio, asset classes, sectors industries, securities and composites on a multi-currency basis. When rates of return fall out of a predetermined range, performance administrators are automatically alerted in real-time and provided with descriptive information to help them validate the return or determine any data discrepancies. The system then guides end users on how to correct data related errors if required.
In addition, iPM Performance proactively monitors all performance composites and alerts performance administrators if portfolios are in violation of the minimum asset level and large cash flow rules as required for GIPS compliance. The system also provides an automated interface with ACA Beacon Verification Services for GIPS Certification. In one click, users can extract all of the information necessary for a GIPS audit saving significant time and eliminating any manual manipulation of data which can be prone to error.
One investment manager benefitting from INDATAâs iPM technology is Bailard based in Foster City, CA. Bailard manages $2 billion in assets for institutions and private clients. The firm has a global, multi-asset approach. âBy having the iPM on top of everything related to our data, we are better able to focus on managing our investments and servicing clients,â commented Sonya Thadhani, Chief Investment Officer. In addition to iPM Performance, Bailard uses iPM as the backbone for streamlining the portfolio management process and for coordinating back and front office interaction efficiently.
âSince releasing iPM in February of this year, we have been very pleased by the uptake of iPM within the industry and within our client base,â commented David J. Csiki, Managing Director, INDATA. âWe feel that our latest offering, iPM Performance, gives our clients a strong competitive advantage going into next year where industry demands created by a changing regulatory environment will continue to have money management firms demonstrate better data management controls, compliance and transparency,â he added.
INDATA has released an industry white paper to assist firms with managing their performance data.