ACA Group Unveils New Outsourced Solution for Investment Firms' Performance Measurement and Reporting
New York and London, June 20, 2023 – ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, today announced its Managed Performance Services offering, which enables investment firms globally to outsource all, or certain aspects, of their performance measurement and reporting functions, helping firms balance their regulatory obligations with monetary and time budgets.
Today’s investment industry is evolving rapidly, with investment managers facing heightened regulatory scrutiny, increased client expectations, staff turnover, and a competitive environment. To overcome challenges, businesses are increasingly relying on external providers to manage their investment performance programs. The latest Cost of Compliance Report from Thomson Reuters said 38% of firms outsource all or part of their compliance functionality, driven by the need for additional assurance on compliance processes (52%), the lack of in-house compliance skills (42%), and cost (43%).1
ACA’s new Managed Performance Services offer a cost-effective outsourced solution that combines the firm’s proprietary technology with the deep knowledge of a team of more than 90 investment performance professionals with 30 years of Global Investment Performance Standards (GIPS®) and investment performance measurement, verification, and certification experience.
“Calculating and presenting performance results is becoming increasingly complex, especially given the introduction of the SEC’s recent marketing rule, which requires a more stringent performance requisite,” said Karen Foley, Partner and Head of Performance Management at ACA Group. “Having access to experienced professionals to maintain this process is more important than ever from a regulatory compliance and performance marketing standpoint. Outsourced performance services are the ideal solution to cost efficiency without sacrificing expertise.”
Available today, the key elements of the Managed Performance Services offering include:
- Portfolio and fund performance calculations: A streamlined service that eliminates the burden of monthly performance calculations, allowing investment firms’ internal resources to focus on core tasks. With flexibility and adaptability, ACA seamlessly integrates with a firm’s existing technology and environment.
- Composite management and performance calculations: A dedicated service that provides accurate and consistent composite performance reporting. ACA’s team handles composite management and performance calculations for firms of all sizes and complexities, working closely with client teams to validate data and generate reliable reports.
- GIPS compliance oversight and verification management: A comprehensive solution designed to meet GIPS compliance requirements, ACA’s team evaluates investment firms’ compliance status, identifies gaps, and develops a customized plan for achieving and maintaining GIPS compliance.
In addition, ACA’s consultants provide support for various aspects of a performance management program, including risk statistics, money-weighted returns and attribution, enabling investment managers to benefit from ACA’s peer knowledge and subject matter expertise in all areas of performance.
“Recruiting and retaining specialized talent for performance related functions has been a constant challenge for many firms,” said Carlo di Florio, Global Advisory Leader at ACA Group. “By partnering with ACA, a global leader in performance services, regulatory compliance, managed services, and technology, clients can grow efficiently, manage turnover, mitigate costs, and free employees’ time to focus on other initiatives.”
Managed Performance Services is the latest addition to ACA’s suite of investment-performance solutions. ACA will be hosting the webcast Enhancing Investment Performance Programs with Managed Services on June 27th that is open to the industry. The performance consultants bring in-depth expertise working with firms of varying sizes and complexities, including traditional investments, private equity, private debt, real estate, and Collateralized Loan Obligations (CLOs), across all vehicle types. ACA offers the largest global team of professionals solely dedicated to investment performance solutions.
About ACA Group
ACA Group (ACA) is the leading governance, risk, and compliance (GRC) advisor in financial services. For over 20 years, we’ve empowered our clients to reimagine GRC to protect and grow their business. Our global team of 1,250 employees includes former regulators and practitioners with a deep understanding of the regulatory landscape. Our innovative approach integrates advisory, managed services, distribution solutions, and analytics with our ComplianceAlpha® technology platform. For more information, visit www.acaglobal.com.
U.S. – BackBay Communications
Europe – Aspectus Group
1 Thomson Reuters Regulatory Intelligence’s (TRRI’s) 14th annual Cost of Compliance Report (May 2023)
2 GIPS® is a registered trademark owned by CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein