LONDON, October 13, 2014 /PRNewswire/ --
Ortec Finance, a global provider of technology and services for financial risk and return management, today announced the successful implementation of its Investment Performance Service at Universities Superannuation Scheme Ltd (USS), one of the UK's largest pension funds. Following an on time and on budget implementation, Ortec Finance will provide USS with performance measurement, attribution and ex-post risk reporting across the fund.
Ortec Finance's Investment Performance Service is an outsourced service for pension and sovereign wealth funds, bringing together technology and expertise to help funds quantify and understand the key investment performance drivers. Ortec Finance's proprietary attribution methodology can decompose returns into the key investment decisions including the impact of top down strategy, hedging and overlay strategies, and liability management. Working closely with data and service providers, Ortec Finance validates, reconciles and manages the entire process, delivering accurate and timely reports and analysis to all stakeholders.
"Our performance attribution model uses a unique investment decision based approach that applies to a wide range of asset classes and styles," said Elske van de Burgt, Head of Investment Performance at Ortec Finance. "The tool provides executives with an indication of the efficiency of investment decisions at various levels of the investment process, helping the organization to stay within risk-budget limits and to produce consistent, risk-adjusted returns. USS's selection of Ortec Finance reaffirms that our performance attribution solution continues to meet the most stringent requirements."
About Ortec Finance
Ortec Finance is a global provider of technology and advisory services for financial risk and return management. The company's focus is firmly on providing support for investment decision-making for institutional and private investors. Ortec Finance designs, builds, and applies solutions for asset-liability management, ex-ante and ex-post risk management, performance measurement and risk attribution, and financial planning. Its global and long-standing client base comprises leaders in the pensions, insurance, investment management and private wealth management markets.
About Universities Superannuation Scheme (USS)
Universities Superannuation Scheme was established in 1975 as the principal defined benefit pension scheme for universities and other higher education institutions in the UK. It has over 330,000 scheme members across nearly 400 institutions and is one of the largest pension schemes in the UK, with total fund assets of approximately £42 billion.
The scheme's trustee is Universities Superannuation Scheme Limited, a corporate trustee which provides scheme management and trusteeship from its offices based in Liverpool and London. The trustee company delegates implementation of its investment strategy to a wholly-owned investment management subsidiary company - USS Investment Management Limited - which provides in-house investment management and advisory services.
For more information on Universities Superannuation Scheme please go to http://www.uss.co.uk
SOURCE Ortec Finance