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

Security Master Scalability for Institutional and Wealth

BACKGROUND A leading global provider of integrated solutions for institutional asset managers used Markit EDM to provision the security master supporting their multi-client investment management platform. The organization wanted to adopt an approach that would extend the capabilities to also satisfy their wealth management (and banking) security master needs. Both within and outside of Investment Management Services, their clients have growing demands for customization. Meradia was engaged to facilitate and contribute to a series of design workshops with the aim of answering three key questions: Could Markit EDM (and the supporting systems) meet the growing needs of the Investment... Read Full Article

Pricing Data Process Modernization for Investment Advisory Firm

BACKGROUND Meradia’s client, an independently-owned investment advisory firm with approximately $60 billion AUM, needed to modernize their ability to manage market data, especially pricing data. The firm’s existing data architecture consisted of Excel-based processes to manage, download, review, and maintain important market data assets underlying daily positions and portfolio valuations. With continuing growth, the firm recognized that this process was limiting scalability and operational efficiency, and potentially exposed the firm to unnecessary risk. ANALYSIS In order to recommend future state options, we needed to understand current state of the market data along with firm’s IT infrastructure and future technology... 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