Asset owners and allocators manage millions and often billions of dollars. Yet, despite the fact that their work involves data that is literally changing by the second, many choose to handle their data with static documentation such as with Excel spreadsheets, Word documents, OneDrive or Dropbox, etc.
That may have been a workable option before the 2008 meltdown in the financial sector, but not any longer. On the investor level, operational due diligence (ODD) has moved from a “check the box” item to a matter of intense scrutiny.
In addition, position transparency and overall information flow have increased materially. Due to this increased information flow, asset owners and allocators need to make a shift from relying on static documentation to practicing systematic data management in order to fully adhere to their fiduciary responsibilities. If you don’t, download our white paper to learn where you will feel the bite.