Understand the impact of investment decisions for large-multi-asset portfolios
Measure and analyze asset allocation decisions, evaluate internal strategies and external managers from a total-fund perspective, and assess the alignment of asset growth with strategic objectives or liabilities using top-down and bottom-up performance measurement and attribution.
PEARL helps pension funds, insurance companies, sovereign wealth funds and endowments gain deeper investment insights through a comprehensive suite of attribution models.
This enables them to monitor progress toward long-term objectives, identify short-term deviations, and drill down seamlessly from the total fund to individual strategies, managers, and assets spanning publicly listed and private market investments.
How does PEARL support asset owners?
Pension funds, insurance companies and sovereign wealth funds can calculate the added value of each investment decision and analyse total portfolio risk with PEARL’s comprehensive analytics, automated workflow and extensive reporting.
It offers an extensive range of advanced and proprietary attribution models including:
- Capture the impact of decisions at each stage of the investment decision process (IDP)
- Understand the key drivers of differences between actual and benchmark returns or reference portfolios, implementation versus strategy
- Enable total fund attribution across all decision layers, including tactical and operational deviations from strategy, exclusion policies, implementation drift, and manager or stock selection
- Understand drivers of total fund performance with a holistic view across public and private markets
- Capture the impact of currency exposures and hedging decisions, both within a strategy or as part of an overlay
- Analyze tilts, proxies and instrument selection with full flexibility to choose between base, local currency and virtually hedged returns
- Enable advanced currency overlay attribution and understand how hedging decisions impact portfolio performance, to effectively manage and measure exposure to currency movements
Evaluate private asset performance from a total fund perspective that considers its illiquidity, valuations, and benchmarking challenges
Evaluate the impact of allocation and security selection decisions through Brinson attribution and/or factor-based analysis
Deliver consistent, comprehensive attribution analysis across multi-asset portfolios spanning all asset classes
Analyze how yield, duration and credit quality impact your portfolio after splitting out the impact of currency, trading and pricing effects
Supporting PKZH in assessing the financial impact of an ESG exclusion policy with ESG measurement
Learn how PEARL supported PKZH, a Swiss pension fund with 60,000+ members and 23.9 billion CHF AUM in extending their performance reporting using our ability to replicate fund hierarchies and benchmark structures that reflect PKZH’s investment decision process in combination with our proprietary decision-based attribution model and ESG measurement capabilities.
Read here
Related performance measurement and attribution insights
- The enduring value of decision-based attribution for asset owners managing multi-asset portfolios
- Addressing currency volatility through a total portfolio approach for currency management
- Webinar recording: Private asset performance attribution to effectively analyze investment decisions
Performance measurement & attribution
Contact
Elske van de Burgt
Managing Director Investment Performance
Stefano SJ Lee
Managing Director - Asia Pacific