Maples Fund Services will provide extra services for San Bernardino County Employees Retirement Association (SBCERA), the public pension fund, which include customised and consolidated risk reporting.
Maples Fund Services, a division of MaplesFS, and SBCERA, which has more than $6 billion in investment assets, have been working together on the operation of an $800 million bespoke hedge fund managed accounts program.
As part of its outsourced administration services, Maples Fund Services provides an online dashboard and set of analytical reports that enables the SBCERA investment team to actively monitor hedge fund managers that have discretion over assets within the program.
“Consolidated risk reporting is a logical extension of that work,” said a statement from Maples. “By introducing data from third-party sources into the Maples Fund Services reporting platform, SBCERA gains additional insights and enhanced analytics across their entire investment portfolio.”
“SBCERA has investigated and experienced several other solutions for consolidated risk reporting,” said James Perry, senior investment officer at SBCERA. “The Maples value proposition was unique. The leading-edge technology and professional expertise brought by Maples was essential, but it is the responsiveness and flexibility of their staff that really makes them great partners for us.”
“We collaborated with SBCERA for several months to design and develop a solution that would address their specific needs,” Scott Somerville, chief executive officer of MaplesFS, said.
“We believe that it represents a revolution in the way fiduciaries can demonstrate proper oversight of the increasingly sophisticated investment strategies employed by institutional investors.”
