Implementation Services
$856 billion transitioned in 2007
Even the best, most innovative investment ideas can fail to meet expectations if implemented poorly. Delivering implementation excellence has driven Russell's Implementation Services for over three decades.
Russell is unique in offering a complete suite of services to implement your investment strategy and maintain your assets:
| Event-driven Solutions | Policy-driven Solutions |
|---|---|
Transition Management
In 2007, our clients trusted us with transitioning over $856 billion of their assets and awarded us a number of industry awards including 'Top Marks' (Global Sponsor magazine) and 'Best in Class (Plan Sponsor Magazine) - 2008, 2007, 2006 & 2005
Russell offers a service with no hidden fees, industry-leading performance and 25 years experience managing clients' risk and performance when restructuring portfolios or asset classes.
A well planned and executed transition strategy can help you:
- Manage return outcomes
- Maintain investment exposure
- Minimise fiduciary risk and administrative workload
Interim Management
Occasionally fund owners need to have part, or all, of their portfolio managed on an interim basis while they decide on the appropriate investment strategy. For instance, when managers need to be replaced but a replacement has not been chosen.
Our global experience in multi-management allows us to assign a dedicated portfolio manager and support infrastructure to manage the portfolio until new managers and/or strategies are formulated.
Currency Implementation
Research shows that failing to address foreign exchange (FX) transactions can be costly. In particular, the high incidence of uncompetitive execution outcomes can increase costs unnecessarily.
Russell adopts the Agency FX Trading approach. In an agency trade, a trusted fiduciary acts as your agent. Russell then gets the best deal possible, with transparent costs, and provides you the ability to periodically review your agent's results, and provide appropriate feedback.
Cash Flow Management and Overlay Services
Much of our industry is focused on improving results via new sources of return. Hedge funds, portable alpha and real return assets such as commodities have leapt to the forefront of investment strategies being added to portfolios. The sobering fact is that not all investors will succeed with these approaches.
In Russell's experience reducing slippage embedded in the existing portfolio, whilst lacking the allure of new strategies, represents "low-hanging fruit" for many investors. Alternative approaches to reducing frictional cash, maintaining one's asset allocation and cash flow management, have become a viable source of administrative alpha.
Russell structures programs that minimises slippage and improves the investment of new cash-flows.
Commission Recapture
The Russell Commission Recapture program has helped save clients over US$1 billion since its inception in 1969. The Russell difference is an independent global broker network in over 85 countries and no internal trading desk which eliminates any potential conflict of interest.
Managed Trading
Managed trading is the next evolution in multi-manager implementation. The trading function is examined from a "macro portfolio" perspective in the process making the trading function efficient and stripping out unnecessary trading inefficiencies and costs.
Liability Driven Investment
One of the biggest challenges faced by pension funds is the management of their defined benefit liabilities in their current portfolio. Russell has experience in devising and implementing strategies to manage and control these future liabilities.
For more information contact:
Chris Briant
Director, Business Development
Russell Investments
Phone: +61 2 9229 5111 or
Contact us via the online form
PDF Downloads Looking for a quick overview?
Russell's Institutional Heritage(481kb)
Russell won “Best in Class” awards in all four categories in the 2008 PLANSPONSOR magazine results and won 11 total awards, placing in the top three for transition management providers.
Russell received “Top Marks” in every category – for the fourth year in a row – in the 2008 transition management survey sponsored by Global Investor magazine.
