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MJ Hudson announces creation of FidesIQ, a joint venture to establish a new investment performance reporting tool

FidesIQ will provide an innovative tool to help institutional investors improve the way they monitor and evaluate the success of their investment decisions

LONDON: MJ Hudson, the specialist service provider to the asset management industry, today announces the creation of FidesIQ, a joint venture with SmartCats Consulting.

FidesIQ will develop a tool to help strategic decision-makers within pension schemes improve the way they monitor and evaluate the success of the investment decisions they make and the advice they receive. Users of FidesIQ will be able to compare the outcome of decisions they have made against benchmarks which accurately reflect their original objectives on a regular basis and in a fully tailored manner, through a low cost and easy to implement online tool.

FidesIQ was conceived by Sarah Smart, who has spent over 20 years in the investment management and pensions industries in a variety of different roles including acting as an independent trustee on several major pension schemes. Sarah is highly respected within the pensions industry and has won many accolades for her innovative approach to pensions.

The company is also pleased to announce that Magnus Spence has joined as a director to help oversee the launch and development of the FidesIQ tool and customer base. Magnus has 30 years of experience in data and analytics in the institutional investment sector, most recently as co-founder of Spence Johnson, which was sold to Broadridge where he has worked for the past four years.

Sarah Smart, Managing Director of FidesIQ, commented:

“I am delighted to be partnering with MJ Hudson to bring this simple yet highly effective evaluation solution to the UK market. My years as a trustee of pension schemes of all sizes, and previously as an investment manager, have shown me how difficult it is to keep track of whether key strategic investment decisions are meeting their objectives and of whether the strategic advice provided is delivering against the promises made. Our ambition is that the clarity and insight delivered by this tool will lead to improved accountability and decision-making through all stages of the institutional investment chain.”

Odi Lahav, COO and head of MJ Hudson’s Data & Analytics division said:

“We are very excited to be announcing this joint venture and the development of this new resource for institutional investors. We see this as an exciting innovation, combining a novel approach to evaluating investment decision-making with MJ Hudson’s AdvantageIQ data and analytics platform. FidesIQ will provide decision-makers with a toolkit that delivers clear and transparent measures of effectiveness. This will not only assist pension fund trustees in meeting their governance responsibilities, but also the requirements of the CMA directive for the evaluation of their investment advisers. We look forward to working with Sarah, Magnus and the team as we build and expand this initiative.”

Magnus Spence, Director of FidesIQ, commented:

“I am very pleased to be invited to help this exciting initiative. Testing of the FidesIQ tool in a beta form during the past year among UK DB pension schemes and advisors has revealed that this innovation will be welcomed as a way of better identifying excellent investment outcomes on a recurring basis, and of contributing to improved governance in the pensions sector.”

This joint venture follows the December 2020 acquisition of fund performance analytics firm, PERACS, and of risk management and reporting automation specialist Clarus Risk in June 2021. The acquisition further extends the data and analytics services provided by MJ Hudson to its clients. MJ Hudson can now support its fund manager and investor clients with data, analytics, benchmarking and reporting across risk, investment performance, investor relations, and ESG.