The San Bernardino County Employees Retirement Association (SBCERA) has appointed Maples Fund Services to provide consolidated risk reporting for its investment team.
Since 2009, Maples Fund Services has worked with the pension fund on an $800 million bespoke hedge fund managed accounts program, which includes an online dashboard and analytical reports that allow the SBCERA to monitor hedge fund managers that have discretion over its assets.
The consolidated risk reporting will include third-party data, as well as ad-hoc report requests such as the compilation of manager-specific reports in preparation for trustee due diligence visits.
SBCERA has investigated and experienced several other solutions for consolidated risk reporting, says James Perry, senior investment officer at SBCERA. The Maples value proposition was unique. The leading-edge technology and professional expertise brought by Maples was essential, but it is the responsiveness and flexibility of their staff that really makes them great partners for us.
We collaborated with SBCERA for several months to design and develop a solution that would address their specific needs, says Scott Somerville, CEO of Maples Financial Services. We are very proud of the result, and believe that it represents a revolution in the way fiduciaries can demonstrate proper oversight of the increasingly sophisticated investment strategies employed by institutional investors.
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