-
50%
cost saving
-
70%
operational bandwidth saving
CLIENT CHALLENGES
- A US-based asset manager/ETF provider, with its own equity strategy and thematic indices, chose Acuity to provide support in managing daily corporate actions in parallel with the calculation agent and periodic rebalancing
- Required flexible coverage to provide bandwidth when the onshore team is on leave
OUR APPROACH
- Deployed an index operations specialist to support corporate action validation and rebalancing
- Independently managed rebalancing of some of the critical indices with minimal training
- Provided coverage as required, taking complete ownership of activities
- Acuity’s support
- Process daily corporate actions for own indices and for funds based on external indices
- Calculate impact of corporate actions on portfolio weightings
- Update trading teams on impact of corporate actions and help with publishing on the client’s website
- Run daily checks on index levels/returns and track future corporate actions
- Run attribution reports for important indices and support ad hoc data requests from trading and clients
- Independently run monthly, quarterly and annual index rebalancing and publish this on the website and to the calculation agent
IMPACT DELIVERED
- Within a short period of 3 months, started independently handling reviews and rebalancing
- Faster and earlier follow-up of issues related to pricing and corporate actions due to early start
- Scalable and flexible solution to handle any new request and provide time-zone coverage
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