Portfolio Oversight from StatPro

a holistic overview of portfolios, performance and risk

Portfolio Oversight from StatPro

Regulators, investment committees and clients increasingly want asset managers to be able to immediately generate updates on the status of the funds they have fiduciary responsibility for. Demands for the net asset value (NAV) of a fund to be instantly made available or for stress tests to be run are ever more prevalent, so in 2013, it is imperative that effective oversight can be demonstrated. The complex asset mix found in fund of fund (FOF) means that stakeholders who want better oversight and reporting of their complex aggregated investment portfolios require advanced solutions to ensure proper reporting coverage.

It’s not just traditional and hedge fund managers who are demanding better technological assistance to meet their oversight responsibilities, but the entire asset management industry.

Is your fund prepared for oversight demands in 2013?

Are you an ACD, Trustee, ManCo or Director? As an Asset Manager do you perform your own governance and oversight?

Recent high profile cases in the press highlighted the lack of oversight of funds within the investment community. In our webinar recording several industry experts discuss:

  • managing and monitoring oversight in the investment industry
  • investigating and handling possible historical conflicts of interest
  • best practices for sharing and verifying data in a portfolio
  • improving transparency of funds

Chair – Mark Adorian, Non-Executive Director, StatPro
Mark, 50, was appointed to the Board in 2002. He was previously Managing Director of Standard & Poor’s Fund Services. Mark co-founded Micropal, the global fund performance analysis company in 1986, becoming their Sales & Marketing Director in 1987. In 1992 he became Managing Director of Micropal, and subsequently in 1997 negotiated the sale of Micropal to Standard & Poor’s, a division of the McGraw-Hill Companies. Between 1999 and 2001, Mark was Managing Director of Standard & Poor’s Fund Services, a business created through the merger of Micropal together with two existing Standard & Poor’s businesses and another acquisition. His specific responsibilities included the global development of the enlarged entity. Mark chairs the Group’s Nominations and Remuneration Committees.

Speaker – Patrick Zurstrassen, Chairman, ecoDa
Patrick has worked for “Credit Agricole Indosuez” Group in Belgium, France and Luxembourg for more than 25 years. He currently acts as an independent director on the boards and board committees of several companies, listed or non-listed, mainly in the financial sector. His funds mandates belong to groups such as La Baloise, Barclays, Goldman Sachs, Le Foyer, Jupiter, Lombard Odier, Natixis, Pioneer [UniCredit group] and European Credit Management [Wells Fargo group].
He works with several fund management and investment professional bodies, including ALFI, the Association of Luxembourg Fund Industry and FEFSI-EFAMA, the European Fund and Asset Management Association that he both chaired. He has been founding chairman of ILA, the Institute of Luxembourg Directors. He is Chairman of the board of directors of ecoDa, the European Confederation of Directors’ Associations in Brussels.
He sits on several advisory committees of the “Commission de Surveillance du Secteur Financier” in Luxembourg. He is a member of the Private Sector Advisory Group of the Global Corporate Governance Forum. He is an affiliated member of the CFA Institute as well as a member of the Institut Français des Administrateurs, the International Corporate Governance Network, the European Corporate Governance Institute and the National Association of Corporate Directors [USA].
Patrick graduated as civil engineer [U.Liège, Belgium], MSc [U.Leeds, UK] and MBA [UCLA, USA], and has lectured finance at the Université Catholique de Louvain in Belgium for 25 years. He is certified director of ILA from the INSEAD International Directors Program.

Speaker – Simon Osborn, CEO, IFI Global Ltd.
Simon Osborn is Chief Executive Officer of IFI Global Ltd. IFI Global Ltd is a fund management research and media business, focusing primarily on the alternative side of the asset management industry.
IFI Global Ltd publishes The NED, a monthly publication on fund governance. It is also the owner of FundDomiciles.com the only media entity dedicated to providing news and information fund domiciliation issues. Its research department conducts qualitative research studies in the asset management industry on behalf of fund managers, fund administrators, banks, law firms, technology companies and governmental agencies. IFI Global also hosts seminars for the fund industry in Asia, the Gulf, Europe and the US.
Simon Osborn is a regular speaker at international fund industry conferences. He was appointed General Secretary of the Fund Governance Association, a recently formed industry body dedicated to improving standards of alternative fund governance.
Prior to launching IFI Global Simon Osborn was an Associate Director of the International Herald Tribune (IHT), based in Paris, where he was responsible for the development of the IHT’s asset management coverage. Before joining the IHT he was with HZI International, a media consultancy that specialised in advising and investing in business, financial and medical publications in the developing world.
Simon Osborn is a graduate of the London School of Economics. He was awarded the Bassett prize for the top degree in the LSE’s Government Department.

Speaker – Dallas McGillivray, Group MD, FMConsult
Dallas is an experienced international regulatory and business manager. Previously he was the Global Head of Compliance and Operational Risk at a major asset management company for all business outside the Americas with more than 20 years experience in UK and global regulatory issues, covering both retail and institutional. Dallas spent over 8 years with Coopers & Lybrand (now PWC) in four different countries covering audit, accounting services, insolvency and regulation.

Speaker – Peter Hugh Smith, CEO, WAY Fund Managers

Peter Hugh Smith is CEO of WAY Fund Managers a leading provider of fund hosting, discretionary investment services and oversight to UK asset managers, wealth managers and financial advisers. Peter has been with WAY Group since 2011. Previously he spent 13 years with Russell Investment, a global multi manager and manager research firm, where he had responsibility for the firms wholesale and retail businesses in the UK. Peter has also worked as a fund manager in both London and Hong Kong and started his career with the Discretionary Fund Management Firm, Capel Cure Myers. Peter was educated at Ampleforth College and Reading University and is a charterholder of the CFA Institute. He lives in Oxfordshire with his wife, three children and multiple horses.

We’re fanatical about oversight and have therefore created several resources to explain the importance of oversight for the investment community. Read more below:

Oversight blog icon Blog: ‘The oversight crackdown – a view from the software vendor’ discusses our view on oversight as a software vendor
Oversight infographic icon Infographic: it’s oversight explained easily
Oversight video icon Video: Peter Hugh Smith, Director of WAY Group talks about how his organization is dealing with the FSA’s recent retail conduct risk outlook

Oversight latest blogBlog:
‘In the interest of the investor – leveraging technology for portfolio oversight’

Bobsguide oversight articleArticle:
‘Examining the Technology Options for Portfolio Oversight’
Portfolio aggregation in StatPro RevolutionVideo: ‘How portfolio aggregation analysis can aid oversight’