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Wednesday April 11, 3:10 pm Eastern Time Press Release SOURCE: InvestorForce San Francisco Employees` Retirement System Completes $470 Million Placement Leveraging InvestorForce`s Online Manager Search Platform InvestorForce Tops $1.8 Billion In Completed Money Manager Searches WAYNE, Pa., April 11 /PRNewswire/ -- InvestorForce, pioneer of a technology platform enabling pension plan sponsors and consultants to conduct money manager searches online, announced that the San Francisco Employees` Retirement System (SFERS) has completed a money manager search for a $470 million international equity mandate using InvestorForce`s database and proprietary Search Exchange(SM). SFERS decided to evenly split the mandate between San Diego-based Nicholas Applegate Capital Management and a Boston-based firm. ``InvestorForce`s model offers a more efficient method of evaluating and selecting money managers by reducing many of the burdensome administrative tasks that bog down the process allowing us more time to focus on critical strategic decisions. With the wealth of data and automated evaluation tools that InvestorForce puts at our fingertips, we can conduct a thorough and diligent evaluation process,`` said Clare Murphy, Executive Director of the San Francisco Retirement System. ``Having a centralized source of information, customized screening tools and an online meeting center has made this process easier than we could have ever imagined.`` The SFERS search is the twenty-first money manager search facilitated by InvestorForce. These 21 searches represent more than $1.8 billion in assets. ``By leveraging technology, we are giving institutional investors like SFERS something they`ve never had before -- a one-stop search service that`s both time- and cost-efficient. Institutional investors can screen a comprehensive database according to their own specified criteria, analyze results, invite finalists to make presentations through our web conferencing center and then create a customized search book to present their results to their committee or board,`` said Jim Morrissey, president and CEO, InvestorForce. ``Our aim is to utilize the latest technology to bring efficiency to all constituencies in the institutional investment industry.`` Through InvestorForce`s proprietary Search Exchange(SM), plan sponsors, other fiduciaries and consultants can conduct extensive manager research, submit customized questionnaires online, receive responses online and analyze responses by creating side-by-side manager comparisons. They can then narrow the field of candidates to a group of finalists. Throughout the process, the plan sponsor can hold online meetings with managers, compare performance data utilizing charts and graphs, and analyze responses to customized inquiries from investment managers to reach a final decision typically after a face-to-face finals presentation. About InvestorForce InvestorForce is a leading Internet technology platform empowering institutional investors, consultants and money managers in the United States, United Kingdom and Continental Europe. The site is the first to serve all three constituencies by providing online access and resources to conduct an advanced search and selection process for traditional portfolio money managers and hedge funds while enhancing productivity and reducing costs. The site also offers industry news and information (Investor News Service(SM)), interactive tools (InvestorForce Communication Center(SM)) and online web-conferencing capabilities (InvestorForce Meeting Center(SM)). More than 2,800 institutional investors overseeing in excess of $7.7 trillion in total assets, over 1,200 pension fund consultants and more than 6,000 investment managers are registered on the US site. The company is headquartered in Wayne, Pa., with offices in Boston, London, Los Angeles, New York and Wilmington. InvestorForce is funded by strategic partners including the California Public Employees` Retirement System (CalPERS), the nation`s largest public pension fund with assets totaling more than $177 billion; Thomas Weisel Capital Partners L.P. (TWCP), a $1.3 billion private equity fund managed by Thomas Weisel Partners; Internet Capital Group (Nasdaq: ICGE - news), a leading business-to-business e-commerce company; and Mellon Ventures, Inc., a $1.1 billion affiliate of Mellon Financial Corporation (NYSE: MEL - news). |
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| aus der Diskussion: | INTERNET CAPITAL GROUP - es geht los ? |
| Autor (Datum des Eintrages): | guuruh (12.04.01 21:22:00) |
| Beitrag: | 105 von 17,989 (ID:3299333) |
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