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In early 2026, U.S. action in Venezuela triggered a swift market reaction. Venezuela’s 17% share of global oil reserves led some investors to see renewed potential in its assets, while others viewed the development as a sharp shift in emerging‑market risk. These types of major events are more common than many assume. Over the past
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Is Poor Quality Custodian Data Constraining the Maturity of Your Performance Operating Model?
Performance reporting plays a vital part in the investment management process, yet upstream systems rarely deliver the data required to support high-quality returns. As a result, performance operations teams must compensate for these gaps by detecting true issues, conducting root cause analysis, and ensuring proper remediation, all while delivering final results on tight timelines and
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After-Tax Benchmark Methodology
After-Tax Benchmarks: A Practical Framework for Measuring Tax Alpha After-tax benchmarks are increasingly critical for evaluating investment performance for taxable investors. While after-tax portfolio returns are well defined under existing standards, the development of consistent, defensible after-tax benchmark methodologies has lagged, creating challenges for firms seeking to accurately measure tax-aware investment strategies. This paper introduces
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System Conversion for a Global Custodial and Service Provider
Background A Global Service provider began a multi-phase implementation for a Global Investment manager to convert them onto their modern outsourced platform. The initiative aimed to enhance operational efficiency while fully supporting their clients increasingly complex global investment strategies. The Challenge Despite a clear strategic objective, the project quickly fell behind. During the initial rollout
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Breaking Down Barriers: Building a Scalable OTC Derivatives Solution from the Ground Up
Background A service provider had long been known for its “white glove” premium service and seamless onboarding experience. But when a recent acquisition introduced new front-to-back capabilities, including modern OMS and IBOR, things began to unravel. The firm had promised clients advanced OTC derivatives functionality, but under the hood, their infrastructure told a different story.
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3 Best Practices for Building Confidence in Performance Results
Performance data errors do not just create operational rework. They damage client trust, raise regulatory scrutiny, and erode a firm’s reputation. Performance results are not just numbers; they represent a firm’s credibility. Portfolio managers, client reporting, marketing, and compliance all rely on performance results to be accurate, consistent, and durable. Once firms publish results, stakeholders
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Understanding the Divide Between Multi Asset Classes and Total Portfolio View
Executive Summary Despite broad adoption of digital technology across investment operations, corporate actions processing remains one of the most manual, error-prone functions in the industry. Complexity, fragmented data, and outdated systems contribute to inefficiencies, heightened risk, and strained collaboration between operations and portfolio management teams. As the demand for timely elections and accurate reporting grows,
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How Investment Performance Teams Drive Revenue Growth and Retention
Reframe Performance as a Growth Engine, Not a Cost Center There is a flaw in the assumption that the investment performance department is a cost center. Revising this assumption clarifies why firms are funding performance transformation projects. Reframed as a core product interface and growth enabler, performance improves client experience, creates a strategic feedback loop,
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Same Fund, Different Returns: Explaining the IRR Gap
“Why did my investment underperform the fund?” It’s an uncomfortable question, and one that private fund managers are hearing more often. As investor-level performance reporting becomes more common alongside traditional fund-level Internal Rate of Return (IRRs), a growing truth has come into focus: the same fund can deliver materially different outcomes to different investors. Increasing
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Transformation Tapes, Episode 2: Vendor Selection and Performance System
Just dropped! Episode 2 of Meradia’s Transformation Tapes, an insightful conversation between @Tina and @Jenny, diving deep into performance vendor selection strategies that every performance industry professional needs to hear. Are you making the classic mistake of focusing only on the calculator? Tina breaks down why end-to-end thinking is crucial and shares her unique perspective
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