Barclays Global Investors implements Performance Explorer service
25 July 2006 | 2360 views | 0
Source: Performance Explorer
Performance Explorer is pleased to announce the participation of Barclays Global Investors (BGI) in the Performance Explorer service.
Performance Explorer has been used actively in the London, San Francisco and Tokyo offices of Barclays Global Investors NA for over twelve months. Performance Explorer provides Barclays Global Investors the ability to have transparent and independent verification of their securities lending performance.
Tim Parillo, Principal, Securities Lending at Barclays Global Investors "We have been using Performance Explorer for some time and it continues to prove invaluable in our Securities Lending programme performance benchmarking; providing us solid market data and intelligence."
Performance Explorer is a secure, web-based service that allows participants to increase securities lending performance and profitability by comparing individual results against the aggregated data of a broad, customizable universe of industry peers. Results are viewable at program, portfolio, asset class, and security and transaction level. Data is provided exclusively by Performance participants and includes beneficial owners, asset managers, agents and principal borrowers. All customer data is kept confidential and anonymous. Currently, Performance Explorer collects aggregated data on more than 1.4 million securities lending transactions for over 190,000 securities and more than 20,000 portfolios. Recent figures compiled by the service indicated total lendable assets at over $10.5 trillion and total on-loan balances at more than $2.4 trillion.
With offices worldwide, BGI manage assets of more than $1.6 trillion, making BGI one of the world's largest asset managers and a leading global provider of investment management products and services. From the introduction of the world's first index fund over thirty years ago to the new iShares exchange traded funds, BGI have often pioneered change and led investment innovation. The adoption of Performance Explorer underlines the commitment of BGI to lead the field in securities lending performance.
Julian Pittam, Managing Director of Performance Explorer added, "We were delighted to welcome BGI into the Performance Explorer group over a year ago. During that time BGI have made full use of our services. The breadth of actionable information provided by Performance Explorer has proved very useful in the management of the BGI lending programme."