Northern Trust has offered global investment performance standards (GIPS)-compliant reporting direct to asset owners.
This development by Northern Trust’s investment risk and analytic services (IRAS) group delivers reporting through an enhanced version of its proprietary composite management system (CMS).
CMS is an online application, which enables clients to create and maintain composites, and clients can leverage reporting to help them achieve GIPS compliance.
Ian Castledine, global head of IRAS product management at Northern Trust, said: “Northern Trust has offered GIPS composite reporting to asset managers for a number of years, and whilst many asset owners require investment managers to comply with GIPS standards, it has not been commonplace for asset owners to apply the same principles.”
“Following the release of new guidance from GIPS in January, we expect to see the trend for asset owners to adopt GIPS standards gaining momentum across the industry.”
He added: “Institutional investors globally remain under pressure to deliver high levels of transparency in their reporting. By enhancing our CMS platform and making tools accessible to help our clients with their GIPS compliance processes, Northern Trust is at the forefront of offering solutions for our clients that meet these demands.”
