The Northern Trust Historical Corporate Actions Transparency report calculates the missed value across portfolios resulting from sub-optimal corporate action elections. Using SCORPEO Harmonia™ technology, which enables historical analysis, it generates detailed reports to show investors exactly how much value has been missed.

“Around one million corporate actions take place every year across the globe. Many of these events require investment managers to make an election or active decision,” said Chris Barrow, head of business development at SCORPEO. “Election decisions require an investment in time, resource, expertise and a mandate to capture the optimal value, and can have a significant impact on fund performance.”

“Investment managers are focused on transparency, fiduciary obligations and maximising investment returns,” said Robert Angel, head of product and regulatory solutions, Northern Trust. “However substantial evidence suggests that performance optimization related to the intrinsic value in corporate actions is often not being achieved with billions of dollars estimated to be missed every year.”

“We are pleased to collaborate with SCORPEO to create this innovative reporting solution,” said Peter Cherecwich, head of Northern Trust’s Global Fund Services business. “It addresses our clients’ demands for greater transparency and clarity around their investments, giving them the tools to help drive better business results and capture greater value.”

SCORPEO is an independent financial service company which captures and delivers back to its clients any intrinsic value that may be embedded within a corporate event. Northern Trust’s corporate actions teams handle more than 80,000 corporate action events a year across 105 global securities markets. More than 220 employees support corporate actions across the globe.