Eagle Investment Systems Corp. today announced the State of Wisconsin Investment Board (SWIB) has chosen Eagle's investment management solutions to help manage its $65 billion Wisconsin Retirement System Trust Funds, one of the largest pension plans in North America. SWIB selected Eagle's solutions to facilitate its internal initiatives for streamlining its data management processes.
Supporting its goals to improve the management of data and investment reporting, SWIB chose to implement Eagle PACE*, a data hub and portfolio management system, Eagle Performance, an investment performance measurement suite; Eagle Reference Manager, a security reference data management, validation, and workflow system; and Eagle Portal, a Web-based information delivery platform. SWIB is a long-standing Mellon Financial Corporation custody client.
"We chose Eagle's solutions because they will help us establish a readily accessible common data source," said Ken Johnson, SWIB chief operating officer. "Eagle's solutions will help reduce time spent reconciling data, improve portfolio analytics, and expedite the production and distribution of reports."
"We are delighted to work with SWIB and provide them with the technology to establish a data standard within its organization," said David Palten, Eagle president and chief executive officer. "We continue to see more and more public organizations migrate to a data-centric approach, which helps to simplify their internal data management process."
SWIB joins the growing list of public fund, plan sponsor, and endowment clients that have chosen Eagle's solutions to manage pension plan assets. Other clients include Oregon State Treasury, Ontario Public Service Employees' Union Pension Trust, and Pennsylvania State Employees' Retirement System. Eagle's solutions help to empower public funds, plan sponsors and endowments by giving them ownership of their investment data and providing them with the latest functionality in portfolio management including performance measurement, investment accounting, data management, and drill-down reporting and analysis.