![Can You Trust Your Manager’s Performance Reports?](https://www.benefitscanada.com/wp-content/uploads/sites/7/2010/02/line_graph.jpg)
Participants in the survey include 88 asset managers representing $22.5 trillion in assets under management.
The lack of confidence boils down to difficulty obtaining timely and accurate information around trading — as a result, asset managers could misreport performance data to investors and regulators. Worse, they could end up making trading decisions based on incomplete information.
As managers surveyed reveal:
- 80 percent of respondents confirmed portfolio managers don’t receive investment performance numbers based on intra-day position calculations.
- Only 59 percent are able to look through to see the trades, prices, FX rates and classifications that are driving each portfolio’s performance numbers.
Read the full survey.