Performance Review & Measurement

Performance evaluation provides evidence and understanding as to whether the investment program is on course to meet policy objectives.

 

As fund assets fluctuate in today’s volatile stock market, how can you be certain your investment managers are providing maximum value for your investments, while maintaining established guidelines? By conducting a reliable, timely measurement and evaluation of your portfolio manager’s performance.

DeMarche’s quarterly manager performance analysis includes three reports: Capital Market Review, Performance Appraisal Report and Fund Diversification Monitor.

Together, these serve as the basis of all reviews and recommendations regarding your Fund or fund managers.

Capital market review
The Capital Market Review addresses general issues such as investment industry trends and capital market conditions. This report defines the economic and market environment within which your managers operated for the previous quarter and helps to put fund and manager performance in perspective.

Performance appraisal report
DeMarche introduced performance attribution to the manager performance industry in 1974 via our Performance Appraisal Report (PAR). The PAR is an executive summary that provides a total fund summary, asset class summary and individual manager summary with appropriate benchmark and peer universe comparisons. To ensure quality and accurate fund and manager returns each quarter, our portfolio accounting team reconciles custodial transaction statements with asset statements and manager-provided returns. Confidence in both the determination of the data as well as the comparisons to peers and benchmarks are crucial to effective decisions.

Fund diversification monitor
The Fund Diversification Monitor (FDM) contains a comprehensive, factor-based, attribution analysis of each manager. DeMarche was the first consultant to use attribution analysis. Our FDM analyzes your managers’ abilities to add value by four skill sets: Market Timing, Sector Diversification, Security Concentration and Security Selection.

 

Institutional Investment Management Focus Team |  Performance Review & Measurement

Timothy J. Marchesi, CFA

Chairman, President & Chief Executive Officer

Mike R. Marsh, CFA

Consultant and Manager of Research

Travis C. Newman

Senior Consultant

Ryan M. Pickert

Consultant, Client Development

Adam J. Strumpf

Senior Consultant

Whether you’re an Institution looking for investment services or a Manager looking to contribute to our research program, we’re here to help.