Fiduciary Audits & EvaluationsSOFT-DOLLAR & RESEARCH BUDGET AUDIT
Zeno’s Soft-Dollar & Research Budget Audit is designed to help asset owners appraise the soft-dollar and research budgets of their managers. The service provides the critical qualitative and quantitative tools necessary for assessing the reasonableness of those costs, in addition to the oversight necessary to address your new fiduciary responsibility. The Audit encourages managers to use a bottom-up approach (which to date has been eschewed by the industry) for determining their research needs and to ensure compliance with the new MiFID II Directives in Europe.
DIRECTED BROKERAGE AUDIT
Zeno’s Directed Brokerage and Commission Recapture Audits offers Plan Sponsors/Pension Funds and other asset owners an independent assessment of their underlying managers’ and funds’ execution efficiency, with particular emphasis on whether directed trades achieved Best Execution or incurred unnecessary hidden costs. This service assists asset owners in implementing and/or fine-tuning prudent Directed Brokerage/Commission Recapture programs by highlighting potential problems in the design and approach of their fund’s policies and ensuring “good faith” compliance by their managers.
MONEY MANAGER SEARCH SUPPLEMENT
Zeno’s Money Manager Search Supplement provides Plan Sponsors/Pension Funds and asset owners a unique value-added tool when conducting manager searches. The selection and hiring of investment managers is one of the few decisions a Fund makes that directly impacts their returns. This service offers a quantitative assessment of manager search finalists' trading process and costs, to provide insight into which finalist is most likely to generate superior returns going forward.
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