Threadneedle signs for Eagle Investment's portfolio performance technology

Source: Eagle Investment Systems

Eagle Investment Systems LLC today announced that Threadneedle Asset Management Limited, the third largest retail investment fund manager in the UK with £70.4 billion assets under management (as at 30th June 2006), has selected Eagle's performance measurement solution to enhance its client service capabilities and facilitate compliance with the CFA Institute's Global Investment Performance Standards (GIPS).

The GIPS standards promote uniformity in the presentation of investment performance results.

Threadneedle's relationship with Eagle and its selection of its performance measurement solution builds upon the successful implementation of Eagle PACE, a data hub and portfolio management solution, and Eagle Reference Manager, a security reference data workflow and validation solution. A key factor for choosing Eagle's performance measurement solution was the significant benefits gained through the previous implementation, including improved data quality, faster access to data, and more efficient delivery of reports to clients.

"Eagle's performance repository will support Threadneedle's drive towards a streamlined and controlled approach for improved service delivery of performance information to clients, distribution and fund managers," said Simon Blakeney, Threadneedle's Head of Performance. "We have a very strong relationship with Eagle based on past experience, and we look forward to extending our relationship through this performance measurement and GIPS compliance implementation."

In addition to facilitating GIPS compliance, Threadneedle needed a solution that would improve its production and storage of performance data. The Eagle solution will also enhance the timeliness, scalability, and distribution of portfolio level returns to downstream processes, such as client reporting. The Eagle Performance solution was selected because it supports the following core functions:

  • A robust performance database with full audit trails (essential for GIPS audit)
  • A process to derive performance returns from daily unit prices
  • Pre-stored calculations to access other performance & risk information
  • Flexible reporting and data mining tools
  • GIPS report formats
  • Pre-packaged templates for common performance reports


"As one of our premier clients in Europe, we are pleased that Threadneedle has chosen additional Eagle solutions to be implemented as part of its architecture," said David Palten, Eagle CEO. "Their selection of Eagle Performance is a testament to our robust, scalable solutions, as well as our service capabilities."

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