Rick Di Mascio and Graham Dixon were interviewed by David Grossman about the Transition Management industry, this was the second part of his four-part series. It was on BBC Radio 4, Episode 2, called How You Pay for the City. You can listen to it here.
Institutional investors such as pension funds are the most dominant force in world markets. But, asked David, how much do we know about the different intermediaries involved in managing our pensions and how much money they take for their work? What does the data about the dozens of funds in the Local Government Pension Scheme tell us about how all our pensions are being managed? He also investigated the role of the most important bank you’ve never heard of – the global custodian.
BBC Radio 4’s Money Box is featuring Inalytics in their “How You Pay for the City” four-part series. Episode 1 was broadcast at 12 noon on Saturday 3rd August and you can listen to it here.
In this series, David Grossman investigates how we as savers, investors and consumers pay the salaries and bonuses of bankers and investment managers and asks whether they’re worth it.
It may seem as if the City creates money out of thin air through the skill of some of the brightest people working in the economy. But all the money that goes into the Square Mile and beyond has to come from the wider economy: from our pensions and investments, from the interest rates we’re charged, from the cheap money that we as taxpayers have provided to the banks since 2008 and even from the additional but hidden costs that we pay for consumables like food and fuel.
The series begins with an investigation into the companies that manage our investments. David talks to the campaigners trying to force the industry to be more transparent about the true cost of investing and hears from critics who claim the industry has grown to be so large and complex, it’s more geared to serving itself than its customers. And he assesses whether there’s any evidence that most fund managers are worth the high fees they charge.
The awards take place in New York on December 4th and recognise excellence in five categories including Core Investments, Alternative Investments, Strategy & Tactics, Servicing, and Holistic.
Inalytics is delighted to have been nominated in the Servicing category for Transition Management. The company has been recognised for its work during the past year with UK-based pension schemes who were questioning their transition management costs. For more information on nominees please visit the aiCIO.