Retirement and health benefit solutions provider Aon Hewitt says its launch of a new investment manager assessment and monitoring tool enables the manager research team of the firm’s investment consulting business to accurately and efficiently monitor, evaluate and rate more than 11,000 investment products across regions and investment strategies.
The tool applies data and analytics from eVestment, a technology firm serving the global institutional investment community. Aon Hewitt says it can follow the progress of managers based on numerous factors, including items related to business, staff, investment process, risk management, performance and fees.
“As the active investment management industry has grown and become more competitive, proactively identifying investment manager skill has become even more critical, and our approach to manager research helps our clients stay ahead of these developments,” says Mike Sebastian, partner and head of the global investment committee at Aon Hewitt. “The scope of data now available to us means we can provide this information to our clients at a moment’s notice in a way that’s highly transparent.”
Heath Wilson, co-founder of eVestment, says the firm is working to build an investing database that will serve as the “de facto standard for the entire industry, offering unprecedented depth, functionality and ease of use.” He notes that Aon Hewitt has been a valued client of eVestment for over a decade.
“We’re excited to expand our relationship with Aon Hewitt globally to bring eVestment’s powerful data and analytics to Aon Hewitt’s manager research teams,” Wilson says.
The new investment manager assessment and monitoring tool is available to all Aon Hewitt investment consulting clients. More information is available at www.aonhewitt.com.