There may be advantages in using external fund managers to manage a proportion of a Society’s surplus funds, perhaps for those who have little experience of managing the securities that may be held in the liquidity buffer. We can assist in the selection process from drafting a questionnaire through to shortlisting, interview and final selection.

Performance measurement is key and we provide monthly feedback on performance. On a quarterly basis each fund manager is required to provide a written report providing the performance of the portfolio against benchmark, a track record and reasons for investments made and a forecast of interest rates and expected investment strategy.

We then benchmark the performance of the manager against a peer group and assess the performance in the context of inherent risk in the portfolio.