Firm Builds on Increased Data Manager Monitoring and Portfolio Transparency Client Demand
New York, N.Y – December 8, 2022 – Vidrio Financial (“Vidrio”), a provider of managed data services and software for global institutional allocators, today announced significant growth updates to its platform and team that further help to streamline workflows and create efficiencies in support of the needs of institutional investors across both public and private markets - including leading pension funds, endowments and foundations, asset managers, family offices, insurance companies, funds of funds, sovereign wealth funds and OCIOs.
|- 22% increase in total AUM of funds monitored.||- 20% increase in users across the platform.|
|- 44% increase in portfolio monitoring services.||- Creation of Client Success team.|
|- Significant expansion of private markets monitoring capabilities.||- 83% increase in women in critical roles across the organization.|
“Over the last 12 months we have made significant strides in our rollout of our new Vidrio 7 platform, with over 50% of our client base now engaged with our latest platform solution. The platforms enhancements include deeper multi-asset class and private market analytics, improved risk models, and advanced data management and analytics tools,” said Mazen Jabban, Chairman & CEO, Vidrio Financial.
Monitoring and transparency through better machine learning:
This year, Vidrio saw a greater need for manager monitoring and better portfolio transparency services. Vidrio used this opportunity to take a proactive approach towards the goal of increasing the level of information extracted from managers on the Vidrio platform to help allocators gain even more position-level transparency on a timelier basis. Our success is based on the capacity to collect and extract layers of external fund manager data across multiple asset classes, enrich that data, and then deliver across every client stakeholder reporting process. Results showed that due to the efficiencies that we have implemented this year, we saw a 44% increase in demand for improved monitoring services across the Vidrio platform. When reviewed from an AUM perspective, Vidrio’s Fund Monitoring team saw an increase of 22% in total AUM of funds monitored. Vidrio’s fund monitoring service encapsulates the collection of data consisting of commitments, fund terms, fund manager contacts, bios, and other static and dynamic attributes of each fund manager that we onboard to our platform. We then extract that data, calculate cash flow analytics, store the documents under the corresponding fund and make all this data available throughout the Vidrio platform.
Vidrio has also invested in providing advanced analytics and machine learning that allow our allocator clients to better compare underlying performance attributes of managers and risk, and exposure of portfolios and funds. The goal of this move was to illustrate cases where funds with nominally different investment strategies are potentially similar. Client feedback has been positive, touting benefits to this enhancement as:
- Increased viewability of portfolio diversification under a new lens.
- Increased monitoring for instances of style drift among managers.
- Assessing similarities among funds beyond simple performance correlation.
As our clients grow, the Vidrio family grows
Overall, users across the platform increased by 20% for 2022, leading Vidrio to expand several critical departments to bring continued high levels of service to our most valued clients. Notable expansions included the creation of a Client Success Team, led by Gygmy Gonnot, Managing Director, Vidrio Financial. This team provides direct support and consultation to our roster of clients, fielding new enhancement requests and identifying ways clients can gain efficiencies across the latest platform rollout.
"One of the defining aspects of Vidrio Financial is the way we interact with our clients. This year, due to our continued growth, we recognized the need for more enhanced touch points where clients could interact directly and holistically with a representative to review issues they were facing across their business with critical data or software challenges,” said Gygmy Gonnot, Managing Director, Vidrio Financial. “This is why we created the Client Success Team. Results have been extremely positive, and we plan to bring on additional support as our private market capabilities grow," he added.
Vidrio’s Portfolio Monitoring team also grew this year, led primarily by the continued interest in private markets. According to McKinsey’s annual private markets outlook, Private Markets have staged a strong comeback from pre-pandemic numbers reaching a high AUM of $9.8 trillion to fund higher risk-return PE strategies and infrastructure. Marketing and Sales saw an increased headcount as we expanded our thought leadership coverage, launching the Improving Alpha – Innovation in Investing, ESG & Technology podcast, accelerating our blog content covering areas of portfolio transparency, Vidrio’s ESG scoring, and industry event coverage. Finally, we also added a dedicated presence to accelerate EMEA engagements.
Vidrio Financial is extremely fortunate to have several new flagship clients across Europe and with the rollout of our new Vidrio 7 platform and multi-asset class private market capabilities growing, this newly added role will complement our growth overseas. You can see more details on this latest hire covering the EMEA here.
Vidrio is championing the way forward in diversity hires
Vidrio has made great strides in hiring a more diverse pool of talent to accelerate future growth. This year alone we have increased the number of women across the organization by 83% in the areas of Human Resources, Marketing, and our Data Monitoring and Collection Team. The Data Monitoring and Collection team serves a critical role in the ongoing ingestion of data and documents of onboarded investments, and the reporting of pre-aggregated exposure information for client investments when position-level detail is missing.
“At Vidrio, we invite individuals with diverse backgrounds and experiences at any level to join us. We are thankful to be able to cultivate creative ideas and problem-solve successfully. Our success is being able to leverage those who are most passionate about serving the institutional investor space while creating paths to reach their fullest potential and help them drive their own career success,” said Aditi Kalani, HR Manager, Vidrio Financial.
Collectively, Vidrio clients actively manage over $8 trillion in total AUM. To learn more about Vidrio services and how we're helping allocators, be sure to visit us at https://www.vidrio.com/software-services.
About Vidrio Financial
Vidrio Financial (www.vidrio.com) is the first Technology Enabled Service for allocators — providing managed data services and portfolio management software to institutional investors globally. Vidrio's multi-asset class data services, analytics, and workflow applications empower allocators to take control of their complex investments and external manager relationships while reducing costs, optimizing resources, and mitigating operational risk.
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