Global custodian Northern Trust on Tuesday said it has made it easier and faster for fund managers and their pension plan otother clients to view and customize risk analytics and performance metrics through its web portal.
An enhanced Investment Risk and Analytical Services (IRAS) dashboard on the Passport protal provides a “richer” client experience with more customizable features, faster performance coupled with integration of ex-post and ex-ante risk analytics, the company said.
Ex-post risk analytics looks at the returns generated by different securities after they are sold and the risks they faced are recorded.
Ex-ante risk refers to the practice of assessing the current market risk faced by an existing, still-active portfolio.
The IRAS dashboard allows clients to select from hundreds of industry measurements of daily and monthly portfolio performance, attribution, risk measures, and key characteristics using the available chart and table templates. In addition to presenting this data in the format the client wants, the dashboard also provides access to in-depth analysis that examines portfolio or index data in an absolute or benchmark-relative form to the security level.
Providing basic services such as safekeeping and other middle- and back-office functions are no longer sufficient for custodian banks to stay competitive.
They must now act as information providers to allow chief investment officers, as well as operations, performance and risk executives to make better decisions faster during market flux. Northern Trust’s Investment Risk and Analytical Services service is used by over 800 fund managers and plan sponsors.
"With asset managers and asset owners busier than ever absorbing increased levels of information each day, clients need to quickly access and effectively analyze their investment information," says Jim Haran, Northern Trust’s product manager for IRAS. "With the design of the new IRAS Dashboard, we have improved our clients' access to the information they need to make timely investment