(June 18, 2014) — Rating agency Morningstar and consultancy firm Wilshire Associates have launched new manager and fund analysis services.
Morningstar said its manager research offering was designed to combine all the group’s analysis, data, software, and other “tools” through a customisable service which includes access to Morningstar’s network of product analysts. Senior staff involved in the various elements of the service include Kunal Kapoor, head of global information products and client solutions, and Haywood Kelly, vice president of equity research.
Kapoor said the service was meant to help large institutions, pension funds, and sovereign wealth funds “conduct and complement their own research and supplement advisor and investor communication”.
Meanwhile, Wilshire Associates’ consultancy arm, Wilshire Consulting, has added a risk management tool for pension plans and investment portfolios, dubbed Wilshire Compass Acuity. Julia Bonafede, president of Wilshire Consulting, said the tool was a combination of the firm’s existing Wilshire Compass and Wilshire Total Risk Management Solution teams.
The service aims to help investors monitor various types of risk and how they apply to each holding within their portfolios. The chief focuses of the service are asset allocation risk, weighting risk—which refers to differences between strategic allocations and actual asset class weightings—the risk involved if a manager uses a different benchmark to the portfolio, and the active management risk.
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