Research & Articles
An asset manager’s trading process is often a significant component of their overall investment performance. Managers have a fiduciary obligation to both obtain best execution (so as to minimize the impact their trading has on their clients’ portfolio returns), and avoid paying excessive commissions. Asset owners, in turn, have a fiduciary obligation to monitor their managers to ensure those managers are in fact receiving best execution and paying reasonable commission rates. The Zeno Asset Manager Trade Process Universe Ranking Summaries show the range of trading costs, commissions, and impact to performance, incurred by managers within each Peer Group Universe. In addition, key observations regarding each Peer Group Universe are provided in bullet-points.