Pension Fund Performance and Risk Analytics Assessment

BACKGROUND Meradia’s client, a top-tier superannuation* fund manager in Queensland, Australia with approximately A$75 billion (USD $60 billion) AUM needed accurate, timely and consistent data fit for their analytic requirements. Historically, the operations team generated Performance from raw custodial files. While a substantial portion of the assets are externally managed, the futures, FX and cash portfolios – representing major exposures – are managed and traded internally for the purposes of tactical asset allocation, rebalancing, hedging and liquidity. With no expected improvement in sight, and facing imminent new competitive market pressures, the Chief Investment Officer retained Meradia to advise and... Read Full Article

Performance Implementation for Large Insurance Company

BACKGROUND A large insurance company’s asset management division retained Meradia to help facilitate the conclusion of a challenging implementation of, and conversion to SS&C’s Sylvan’s Global Performance Measurement and Risk platform. Meradia provided portfolio accounting, performance measurement and testing expertise and identified and troubleshooted errors hindering progress. Issues impacting Sylvan, the data flows, defined acceptance criteria, test scripts/plans, project staffing, production staffing and workflow were included within Meradia’s scope of work. ANALYSIS While working with the team, Meradia identified several key issues that needed to get addressed and remedied: Business requirements were incomplete and did not capture all upstream... Read Full Article

Performance and Attribution Capabilities Audit for a Global Asset Servicing Company

ENGAGEMENT Meradia’s client, a global asset servicing company, acquired a Central European asset servicing firm, which included a middle-office software vendor. The software vendor served both the newly acquired Central European asset servicing business and had independent clients. Meradia was engaged to identify and evaluate ways our client could leverage this newly acquired software asset. Options included: sell the software and technology arm; leverage the vendor platform as a new foundation to replace aging North American infrastructure; and, integrate this new platform into its overall product strategy, focusing its use on particular product segment. The vendor’s performance and attribution... Read Full Article

Performance Measurement and Attribution RFP and Selection for Global Asset Management Firm

BACKGROUND A top 10 global asset management firm’s performance measurement and attribution operation had grown over time into a disparate web of feeds, sources and platforms. Internal customers including the front-office and risk teams cobbled together different workflows often resulting in different results. Furthermore, performance calculation workflow had become excessively manually-intensive, creating risk on a variety levels including timeliness and accuracy. Precision and detail of performance reporting was falling behind that of market competitors and client retention was at risk. ANALYSIS Meradia coordinated and executed a series of interviews and workshops with all investment, risk and performance groups in... Read Full Article