Like any heavily regulated industry, financial services has many sets of third-party compliance standards and guidelines to follow. While compliance with some of these industry standards is voluntary and...
It has been over 50 years since Peter Dietz published his seminal work ‘Pension Funds: Measuring Investment Performance’ – when performance measurement became both standardized and quantifiable and a new...
Look-through transparency for performance and risk-practical considerations, challenges, and opportunities
How smart machines can benefit a middle office now – and a glimpse into an automated future.
“Just like the BRAIN research, the middle office needs to pinpoint attribution or risk and be able to show how a series of events impacted the final performance figures.”
"Many asset managers are also starting to take advantage of the development of smart technology solutions when it comes to performance measurement and analysis by their middle offices."
"Like Heston's gateau, time and effort must be put into sourcing quality ingredients or data whose attributes are accurate, well regarded and consistent."
The quicker a mistake is spotted, the sooner it can be fixed. But if a middle office error goes unnoticed until it reaches the front office, there could be serious repercussions.
Although the success of GIPS® is undeniable, the main goal of the standard is for all asset managers to comply.