Concerned about how to generate-and preserve-above-market returns, fund companies are now arming their portfolio managers and trading desk combatants with a new tool to boost performance.

It's called transaction cost analysis, or TCA, for short. While it sounds like it focuses on cost, it really tracks results against benchmarks. Of particular importance: How far away from a target price a transaction was achieved.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.