Dallas Police and Fire Pension System (DPFP) has selected Maples Fund Services, a division of MaplesFS, to provide consolidated performance and risk reporting services to its USD3 billion pension plan.
Subsequent to the arrival of its new Chief Investment Officer, James Perry (pictured), last year, DPFP is embarking on broad improvements to its investment programme which includes the implementation of sophisticated and innovative investment strategies that will strive to augment performance and realign liquidity in its portfolio.
In support of this initiative, Maples Fund Services will leverage its experience in working with complex investment programmes at other institutional investors and its sophisticated and customisable platform to provide DPFP with a robust operational infrastructure. Maples Fund Services will produce monthly reports for DPFP’s board of trustees as well as more granular reporting for the investment team that articulates point-in-time performance and risk drivers. These reports will seek to illustrate the transition and evolution of the portfolio’s performance and risk sources over time. In addition, Maples Fund Services will act as an extension of DPFP’s investment team and will support ad-hoc reporting for various projects.
“The success of our investment programme will be defined by enhanced risk adjusted performance and liquidity realignment and it is vital to have a knowledgeable partner with whom the board and the investment team can collaborate to define appropriate metrics and reporting,” says Perry. “We are confident that the independent calculations from Maples Fund Services’ customisable reporting platform will not only provide us with the transparency and insight necessary to execute our new investment strategies but also increase the overall governance of the portfolio.”
“We are very proud of our platform and its ability to accommodate the increasingly sophisticated investment strategies employed by institutional investors and are excited to collaborate with DPFP to deliver a custom solution,” says Mark Weir, Head of Data Management at MaplesFS. “Investment strategies and approaches will continually change and we look forward to developing a long-lasting partnership with DPFP and evolving our platform in tandem with the changing needs of their investment team, board of trustees and other key stakeholders.”