A public fund responsible for managing a state’s assets, including the state employees' retirement system and state investment fund, wanted to better understand their business metrics, and they asked Cutter Associates for a customized benchmarking study to achieve the following:
Client Type: Public Fund
Assets Under Management: USD 100 billion
Location: Mid-West, USA
We looked for organizations that could be identified as peers for our client, and found several public and private investment management firms employing best practices for supporting IT and Operations functions. We then invited these firms to participate in a comprehensive benchmarking survey covering the following areas:
Using the survey results, we produced a preliminary analysis comparing each participant’s capabilities with those of the other participants. To validate our preliminary analysis, we held interviews with each participating firm, and produced a detailed final report containing substantiated trends.
After further analysis and visits to several participating firms, we provided a written report of our findings. In addition, we presented detailed recommendations to management and staff regarding the optimal levels, mix, and deployment of internal and external IT and Operations resources to support investment objectives, along with estimates of the associated costs.
At the conclusion of this project, our client was able to understand the strengths and weaknesses in their current framework and identify opportunities where they could target resources effectively that would maximize value for the organization.