A US public sector pension fund faced significant quality and governance issues around its benchmark and index data. Turning to RIMES for help, the firm is now set on a course to data management excellence. A data free-for-all One of the US’ largest public pension providers realized that its data management approach was no longer fit-for-purpose. The challenges facing the fund largely stemmed from a lack of data centralization, visibility and governance. It sourced its benchmark and index data directly from a wide range of vendors, as well as from its custodian. Each index came with its own data formats and files; every one of which required standardization before use. In this data ‘Wild West’, there was fragmented overall control or ownership of the data, nor clear processes for

Join for free to read