Deals and People March 31, 2017

Retirement Industry People Moves

Arnerich Massena promotes two consultants, and Sikich to acquire Evolution Retirement Services.
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Arnerich Massena Promotes Two Consultants

Portland-based investment firm Arnerich Massena has promoted Chris Van Dyke to a senior consultant position in the firm. He will be tasked with consulting public, private and non-profit organizations in the firm’s institutional group. He serves on the company’s Investment Committee, Portfolio Management Committee, and Product Committee. Van Dyke has also joined the firm’s shareholder group as a principal of the firm.

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The firm has also promoted Ryan Cunningham, CAIA, to a senior consultant position for the company’s institutional practice. He will consult corporate defined contribution plans, pension plans, non-profit endowments and foundations. Cunningham will focus on all aspects of investment consulting from menu structure to vendor searches through investment manager transitions and implementation assistance. He will also present thought leadership through speaking engagements, researching white papers, and writing articles.

Cunningham also serves on the company’s Investment Committee and as the Portfolio Management Committee chair.

Van Dyke brings more than 16 years of industry experience which saw him serve various firms including the Stratford Advisory Group and CTC Consulting. He earned his bachelor’s degree from the University of Oregon. He has earned the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations, and is a member of the Portland Society of Financial Analysts.

Cunningham has more than 15 years of experience in the financial services industry. Before coming on board to Arnerich, he served as investment consultant with RVK. He earned a master’s degree from the McCombs School of Business at the University of Texas at Austin with a dual concentration in finance and accounting. He holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the Portland chapter of the CFA Society. He is an active member of the Portland Alternative Investment Association and currently serves on the Association’s Board of Directors.

NEXT: Sikich to Acquire Evolution Retirement Services

Sikich to Acquire Evolution Retirement Services

Professional services firm Sikich will acquire Evolution Retirement Services (ERS), a provider of retirement plan design and administrative services for small and mid-size businesses. The ERS team will add to Sikich’s employee benefit services practice, which assists companies with benefit plan design, administration and compliance.

Based near Milwaukee, ERS helps companies servicing various plans including profit-sharing plans, 401(k) plans, money purchase pensions and cash balance plans. The company’s employees will join Sikich’s office in Brookfield, Wisconsin.

“Our team is skilled at helping companies develop and administer employee benefit plans that enable them to attract and retain talent,” says Chris Geier, CEO and managing partner of Sikich. “At the same time, we help them comply with complex regulatory requirements. The addition of Evolution Retirement Services will add depth to our employee benefit services practice and enhance the retirement planning services we offer companies across industries.”

ERS President Mark Maurice adds, “We are very excited and proud to be joining Sikich. This deal allows for regional expansion of our retirement plan administration services and ensures long-term stability for our employees and clients. Further, Sikich’s depth of expertise across its various practice areas will enable us to offer our clients new insights and services.”

Products March 30, 2017

State Street Teams With FIS to Distribute Private Equity Index

The Private Equity Index will be integrated into Fidelity National Information Services’ (FIS) Data Exchange portal, a platform for sharing documents and data via advanced data visualizations, analytics and dynamic and interactive reporting.
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Street Corporation will work with Fidelity National Information Services (FIS) to distribute its GX Private Equity Index (PEI), a benchmark for comparative analysis of private equity performance, to nearly 300 global asset management clients, including private equity managers, investors and third-party administrators.

The PEI will be integrated into FIS’s Data Exchange portal (DX), a platform for sharing documents and data via advanced data visualizations, analytics and dynamic and interactive reporting.

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“State Street’s GX Private Equity Index is a high-quality, industry-recognized source of private equity data,” says Sami Juma, chief operating officer, private equity business for Fidelity National. “We believe this benchmark will offer our clients increased transparency into the private equity landscape through which they can dynamically compare portfolio performance and make even more informed investment decisions.”

The PEI is based on directly-sourced limited partnership data, in some cases dating back to 1980. It represents more than $2.4 trillion in private equity investments, with more than 2,600 unique private equity partnerships, as of June 30, 2016.

“We are thrilled to partner with FIS to offer the PEI to their asset management clients,” says John Plansky, global head of State Street Global Exchange. “With the PEI, we believe FIS’s clients will benefit from the ability to create custom benchmarks, so they aren’t measuring performance against a sample that is not representative of their unique portfolio allocations. As private market investing becomes increasingly prevalent, we further believe investors need tools like these to help them avoid risk and successfully generate alpha.”

For additional insights, or to learn more about the GX Private Equity Index please visit http://www.ssgx.com/peindex.

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