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Investors In Control
Helping investors balance risk and responsibility Growing complexity, hidden risks and resource restrictions are combining to make the management of institutional funds a difficult balancing act. Summit Global Investor Services provides monitoring and reporting services for institutional investors. Combining industry knowledge and technical expertise, we help investors replace traditional analytics with more comprehensive, modern solutions that facilitate demonstrable governance. Greater clarity – Increasingly complicated investment strategies and growing rosters of external managers require state-of-the-art support. We have developed online management tools to monitor and assess investment risk while our processes minimise operational risk. Enhanced supervision – Summit restores control to the investors who bear the responsibility for investment performance. We provide a layer of independent oversight accompanied by full transparency. Our clients can sleep a little sounder at night knowing they are supported by an automated process for scrutinising daily investment activity and a systematic set of checks and audits. Operational efficiency – Summit helps the professional investor exercise full control over their internal processes. We deliver a solution that offers clear enhancements to the operational elements of managing investments, without burdening our clients with too much information, unwanted complexity or additional cost.
We present investors with a pragmatic and commercially sustainable method to improve governance. Indeed, most schemes already have more than 80% of the information they require to achieve best practice. But it is the inefficient use of this information that leaves many achieving 50% of their potential. We believe that a few small changes to the way schemes collect, access and utilise their investment data will make a considerable difference to the level of governance they can achieve.
Greater Clarity The Summit Solution Enhanced Supervision
Operational Efficiency
Increased Complexity
Insight
Investor Challenges
Investor Benefits
Hidden Risk
Resource Restrictions
Governance
BRIDGING THE GAP TO EXCELLENCE
Best Practice
Providing comprehensive oversight to investors
Bringing together industry knowledge, expertise and cutting-edge technology, we’ve created an innovative product range to meet the specific needs of institutional investors. Keeping it simple – Starting with a blank sheet, we have developed our products from the viewpoint of the investor. We have taken great pains to simplify the analytical process –information is easily accessible and reporting concise. Keeping our clients focused on their business – Summit manages all the back-office processes required to ensure our systems are fully up-to-date. We have developed a daily process to collect and reconcile your data, and monitor and follow-up failed trades on your behalf.
PRODUCT OVERVIEW
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Zenith Reports – The complete analytics, compliance, monitoring and reporting online management tool for institutional Investors.
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Pinnacle Reports – Monitoring and reporting at a level that is ideal for pooled funds or DC / money purchase pension schemes.
ZENITH
PEAK
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Analytics ▲ ▲ ▲ ▲ ▲ ▲ ▲ ▲
Valuation Performance Risk Transaction costs Attribution Buy-and-hold Manager evaluation Scenario testing
Reporting ▲ ▲ ▲ ▲
Complete client control Full automation Thorough customisation Export to PDF and MS Office tools
Outsourcing – A third party modular service that will complement and / or replace traditional investment reporting.
Due diligence dashboard ▲ ▲ ▲ ▲ ▲
Summary of analytics and compliance Demonstrable oversight Daily updates Immediate notification of breaches Intuitive views
Compliance monitoring ▲ ▲ ▲ ▲ ▲
Manager allocations Asset allocation Regional allocations Restrictions (including SRI) Disclosure
In partnership to achieve best practice results Case Study 1 Client: Large UK local authority Issue: Reporting - preparing committee reports had become too time consuming This pension scheme is government sponsored and its management team must therefore be very conscious of how resources are used. In the past, generating committee reports was a complex and laborious process – extracting information from the custodian’s system and entering it manually into Excel files. Summit presented the fund with Zenith Reports, a reporting tool unlike any on the market. Instead of standard reports, it allows customers to tailor their output to the appropriate level of detail. Having created a bespoke template, the report can be used over and over again without further manipulation. Now the pension scheme can access historical data online, and rest assured that future reports will be generated automatically. The Zenith Reports system not only creates reports across more variables, more frequently, but the user now has more time to monitor areas such as risk, compliance and foreign exchange rates.
David Sellors, CFA FSIP, Chief Operating Officer of LAPFF (Local Authority Pension Fund Forum) and Director of DS Consulting services Ltd, “Summit has studied the market and responded with online tools that address industry issues such as timing, flexibility and transparency whilst incorporating a sensitivity to the issues facing trustees, such as increasing complexity and escalating regulation.”
Case Study 2 Client: Medium-size Canadian pension scheme Issue: Performance reporting – cost, flexibility and timeliness of delivery This pension scheme was receiving performance reports from their investment consultant, in hardcopy, 30 days or more after quarter-end. The report contained more detail than was required by the scheme and was very expensive. This provider had been retained due to the large database they offered for historical comparison. But the cost was finally judged too high and could no longer be justified. Zenith Reports allowed the client not only to replace their performance reports, but add risk, attribution, transaction-cost analysis, compliance monitoring and more, for less than half the cost. Furthermore, other benefits included 24/7 online access, daily collection, nightly reconciliation and next-day availability, and automated trustee reports. The move to Summit has freed the client to redefine their relationship with their consultant, who remains an important member of the team.
Steve Delo, President of The Pensions Management Institute and Chief Executive of PAN Governance LLP, “Summit has carefully thought through the real reporting and monitoring requirements of UK pension schemes and has created an attractive one-stop governance solution for trustees.�
Summit Global Investors Services provides innovative control solutions for institutional investors. Based on up-todate and factual information, our services provide greater clarity, enhanced supervision and operational efficiency for people entrusted with responsibility and oversight of institutional funds.
Summit Global Investor Services Andrew Caird, Managing Director 7th Floor, Tower 42, 25 Old Broad Street London EC2N 1HN, United Kingdom andrew.caird@summit-gis.com T: +44 (0)20 7877 0012 Benelux Sander Boelen, Regional Manager Atlas Complex, Hoogoorddreef 9 Amsterdam 1101 BA, Netherlands Sander.boelen@summit-bis.nl T: +31 (0)20 3120 697
UK Des Hogan, Director of Institutional Clients 7th Floor, Tower 42, 25 Old Broad Street London EC2N 1HN, United Kingdom Des.hogan@summit-gis.com +44 (0)20 7877 0012 Canada & Caribbean Mathew Price, Regional Manager 194 Weber Street E, Kitchener, Ontario, N2H 1E4 Canada mprice@penad.ca T: +1 519 743 9000
www.summit-gis.com