Provides Inalytics with global 5-year data for transition track record database

As a demonstration of its commitment to transparency in transition management, Russell Investments is providing transition management data to the Inalytics TIPS (Transition Implementation Performance Standards) database.  Clients of Inalytics will be able to review transitions carried out globally by Russell for the past five years, including summary information about transition performance across a wide range of asset classes.

”We have always argued for a transparent approach to transition management so that clients can identify providers with consistently accurate pre-transition cost estimates“ said Chris Adolph, Head of Transition Management, EMEA.  “Investors continue to seek ways to distinguish clearly between different transition providers.  Historical track records provide key information which shows whether the transition manager has performed as forecast.  Russell applauds Inalytics in its efforts to provide an independent source of historical transition performance data.” said Chris.

Historically, Russell has always made data available to its clients through comprehensive reporting, but this is the first time that it will be available to a wider range of investors.  This initiative will enable investors to make comparisons across a wide range of transition managers. The database also shows the importance of sophisticated risk management in delivering successful transitions. 

Troy Rucker, Managing Director Transition Management, states:  “Russell has been a pioneer in the transition management industry from its onset.  The T Standard, T Ratio, and transparent performance composites have come out of our belief in delivering our service with the client’s best interests in mind.  This step shows our continued commitment.”

Russell Investments created the T Standard benchmark, widely recognised as the industry-standard performance metric for calculating implementation shortfall, in 2003.  Currently, Russell Investments is secretary to the T-Charter, a body formed in 2007 to establish consistent and transparent standards across the industry.    In 2009, Russell managed 733 transitions globally with a value of £356bn, along with overlays with a notional amount of £42bn in exposure management. 

Graham Dixon, Director of Inalytics, said: “We are very pleased that Russell, a leading transition management provider, has continued to demonstrate clear market leadership through its decision to support the database. Investors are increasingly demanding greater transparency for their transitions.”