Inalytics, the firm that identifies investment skill, today announced it has been hired by Russell Investments, a global investment services firm, to provide analytical services in support of Russell’s evaluation, due diligence and monitoring of managers within selected Russell multi-manager funds.
Commenting on the appointment, Rick Di Mascio, Chief Executive and founder of Inalytics, said: “Securing a client of the calibre of Russell Investments is a great boost for our business. The mandate is also evidence of a wider trend we are seeing across the industry for rigorous and evidence-based evaluation of fund manager skill. The manager-of-managers model is built upon identifying the most skilful managers to look after clients’ money. It is therefore natural that Russell should want to monitor manager skill more closely.”
James Barber, Senior Portfolio Manager at Russell Investments, added: “We are confident that Inalytics will augment Russell’s existing array of global tools and systems deployed to monitor managers in order to help identify their specific strengths and weaknesses; thereby giving us an additional tool to further monitor the behaviour of existing managers.”