Research consulting firm Inalytics has won its first Australian mandate after the Queensland Investment Corporation (QIC) decided to use its services to assess the investment skill of fund managers on its behalf.
“We are always looking for innovative tools to assist with monitoring of our managers. We were impressed with the level of sophistication of the Inalytics service, which offers quantitatively derived insight into the ability of managers to manage the positions within their portfolios,” QIC head of implemented equities Greg Liddell said.
According to Liddell, QIC will be employing the Inalytics system to scrutinise its domestic and international equity portfolios.
Furthermore, the external assessment system will be incorporated in QIC’s due diligence procedures when it is considering using a new fund manager.
The new contract signifies the first won by the Inalytics’ Asia Pacific office recently opened in Melbourne.
The Inalytics system includes finding out exactly how fund managers generate alpha, compares the various skills of equity managers with similar mandates, ensures manager skills match the stated investment process, and selects the fund manager that best meets the client’s needs from a compiled shortlist.
Inalytics managing director Asia Pacific Amanda Field said: “We look forward to consolidating our presence in Australia by enhancing demand for BPS, an innovative service which is the first of its kind in Australia.”
