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Public and Government Funds

Public funds (pension funds, endowments, sovereigns, and other government agencies that manage money) face operational challenges unlike any other type of investment manager, including the following:

  • Budgetary constraints and legislative constraints on numbers of employees
  • Unique governance frameworks
  • Hiring and retaining staff with specialized skills in high demand and short supply
  • Public scrutiny
  • Managing liabilities
  • Managing the shift to in-house portfolio management
  • Need to support an increasing array of diverse and complex investments across multiple asset classes
  • Selecting and monitoring external managers across a wide spectrum of investment strategies in different geographies
  • Achieving a comprehensive and holistic view of investments and risks from internal and external managers, across all asset classes

 

 

To navigate the industry’s changes and complexities, it helps to have an ally like Cutter Associates with our abundant real-world experience helping public funds optimize their operations and technologies.

 

Cutter Associates’ public funds investments expertise is unmatched in the industry. Our extensive experience working collaboratively with public fund teams across the globe means that you benefit from our familiarity with and understanding of the pressures public funds face. We take the time to understand your unique situation so you can achieve clarity in your technology frameworks and operations processes. With an eye firmly on budgets and timelines, we tailor our know-how and insights to help you formulate and implement pragmatic solutions.

What was most impressive about the project was the Cutter Team. In my 33 years of experience in this industry I have rarely come across a team of consultants as capable, thoughtful, and enjoyable to work with as the members of the team who worked with us. Each and every one was truly top notch. 

- Chief Information Officer, US State Treasury

By leveraging the expertise from our other practices — Operations and Technology Research, Operations Benchmarking, Operational Strategies, Data Management, Systems Search and Selection, and Implementation — you gain access to experts and insights from a full spectrum of specialties. Our team has advised public funds in the US, Canada, Europe, Australia, and New Zealand on systems infrastructure, operating models, and governance frameworks. And, when your organization joins our Research Consortia you also become a member of our Public Funds forum, so you'll have opportunities to meet with your peers on a regular basis to exchange insights and lessons learned.

We provide you with successful strategies on operating models, architecture, data management, and risk management, and on systems for the front, middle, and back office. Whether you need to consolidate your systems, bring assets in-house or just better understand industry trends, our consultants have the real-world expertise and knowledge of best practices, industry challenges, the latest systems research and peer comparisons from both the public fund and asset management communities.

WHITEPAPER

Bringing Assets In-House - Considerations for Success

Under pressure to reduce spending on external investment managers, many public pension plans have decided to bring management for some asset classes in-house. Funds that do end up insourcing management of some assets end up not only reducing their spending on external managers, but also enhancing their capabilities to monitor, evaluate, and report on risk and performance. In addition, they can exercise greater control over their assets. But decisions about insourcing and outsourcing are complex, and Funds need to carefully analyze a number of criteria, including the operational costs, to know whether the move would be wise for their firm.

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MEMBER RESOURCES

Order Management Systems
Jun 17, 2020

Investment managers have witnessed some significant changes across the OMS vendor landscape. Vendors are offering expanded functionality and services, and vendors of OMS designed for hedge funds or small asset managers are vying for market share

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Alternative Investments
Oct 25, 2019

This report on alternative investments provides information about solutions that can be used at various stages of the investment lifecycle, including systems that support contact management, due diligence, deal pipeline management, document management, portfolio construction, portfolio monitoring and analysis, and operational support.

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ESG Investing
Oct 25, 2019

This research investigates environmental, social, and governance (ESG) investing, the state of the market, and challenges experienced by asset owners and asset managers. It profiles third-party products that offer ESG data, ratings, evaluation, and services.

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Asset Allocation Solutions
Apr 23, 2019

This report on asset allocation provides information about solutions that can be used at various stages of a top-down investment process, from strategic design and evaluation through to the implementation of multi-asset and other custom strategies.

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Robotic Process Automation (RPA) - Practical Applications in Investment Management
May 31, 2018

CutterResearch members share their experience with Robotic Process Automation (RPA) in their firms. We explore business use cases being supported and considered, and how organizations plan for and manage the bots.

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Cloud Adoption in Asset Management
Dec 14, 2017

CutterResearch members share their rationale for adoption of cloud technologies. They discuss which applications and activities are best suited for hosting by cloud service providers, and why. Members also explore principles guiding effective implementation, share their thoughts about current service providers and platforms, and discuss their use of public and private clouds.

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EXPERT PROFILE

Shankar Subramanian

Shankar Subramanian

Principal  Practice Lead, Public & Government Funds
Shankar Subramanian has 25 years of industry experience in investment management and technology solutions. At Cutter Associates, Shankar heads the Public Funds practice, providing thought leadership to the consulting practice as well as strategic and tactical advice to Cutter’s many public fund clients. He is a regular featured speaker at Cutter Associates member events. Shankar has significant experience with buy side asset management firms, insurance firms, government agencies and pension funds.Shankar brings a deep understanding of data management, portfolio management, risk management and alternative investments. He earned his B.S. from the Indian Institute of Technology and his M.B.A. from the Indian Institute of Management.

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