Webcast: The Business Benefits of Developing a Performance Book of Record

Panelists discuss the rise of PBOR projects across the buy side and the associated challenges.


By now, pretty much everyone in the financial services industry is familiar to some degree with the investment book of record (IBOR) trend that has been so prevalent across the buy side for the past few years. In this webcast, however, we focus on another BOR ─ not IBOR or ABOR, but PBOR, or performance book of record.

It is no secret that performance measurement ─ and the ability to accurately attribute that performance to parts of a portfolio ─ is one of the key functions that all buy-side firms need to manage, not only from an internal perspective in order to improve overall performance, but increasingly from an external perspective to satisfy demands from institutional investors and also to comply with regulatory mandates.

This discussion focuses on how buy-side firms go about producing accurate and transparent performance and risk numbers across business lines and asset classes. At face value, this undertaking might not sound particularly onerous, but then neither did IBOR projects when they started cropping up across the buy side three years ago. Buy-side practitioners, particularly in the US and Western Europe, have long been disabused of that notion.

Panelists include:

  • Tony King, manager of North America retail performance at Invesco, based in Houston, Texas
  • Todd Healy, vice president, BMO Asset Management, based in Chicago
  • Richard Mailhos, product manager at Eagle Investment Systems
  • Victor Anderson, editor-in-chief, Waters and WatersTechnology

Points of discussion covered in this webcast include: 

  • The business premise for developing a PBOR from a buy-side perspective, and why so many buy-side constituents are now talking about it 
  • The specific business benefits that buy-side firms can realize on the back of a successful PBOR project or implementation
  • The technology and operational ‘ingredients' that need to be considered when laying the groundwork for a PBOR 
  • The challenges facing buy-side firms in generating a single source of performance and risk data 
  • The ways a PBOR can assist investment managers when it comes to complying with reporting requirements from both a client and a regulatory perspective
  • Typically where buy-side firms go wrong when it comes to projects such as this, and whether they can learn from past mistakes in, say, the IBOR realm


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