AQR Selects BNY Mellon’s Eagle for Portfolio Performance Measurement, GIPS®
27 March, 2012
BOSTON – March 27, 2012 – Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of BNY Mellon, today announced that AQR Capital Management (AQR) has selected Eagle’s investment performance measurement solution and GIPS® performance to help enhance efficiencies and automation in support of its composite and performance reporting.
After a comprehensive selection process, AQR selected Eagle because it offered a robust and open data platform which gave AQR the flexibility for the requirements it was looking for.
“Eagle offered a rich data model and an innovative, flexible solution that handles our complex requirements,” said Stephen Mellas, Principal of AQR Capital Management. “Our firm requires technology solutions that continue to evolve and meet the changing needs of our infrastructure.”
“AQR selected Eagle because our solutions offer tremendous efficiencies and can scale to the growing needs of our clients,” said John Lehner, Eagle’s president and chief executive officer. “As alternative investment strategies continue to evolve, the need for transparency and exposure reporting becomes more and more a necessity, and Eagle’s data-centric, open solutions offer the right level of detail into calculations that these firms require today.”
AQR Capital Management is a global investment management firm employing a disciplined and analytical research process to macroeconomic and fundamental data. AQR’s diversified offerings range from traditional benchmark-oriented long-only strategies to absolute return alternative strategies. As of December 31, 2011, AQR manages approximately $44.2 billion worldwide for institutional investors, including pensions, insurance companies, endowments, foundations and sovereign wealth funds, as well as registered investment advisors. Founded in 1998, AQR is based in Greenwich, Connecticut, with offices in Chicago, London and Sydney.
Eagle Investment Systems is committed to helping financial institutions worldwide grow assets efficiently with its innovative portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESSSM. Since 1989, Eagle has deployed trusted solutions and services that create operational efficiencies and help reduce complexity and risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. Additional information is available at www.eagleinvsys.com.
BNY Mellon's Asset Servicing business supports institutional investors in today’s fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter @BNYMellon.
Eagle Investment Systems LLC
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