Callan Associates, San Francisco, adopted domestic indexes from Morgan Stanley Capital International Inc., New York, and plans to begin using the indexes — and the methods used to create them — as a tool in portfolio manager searches.
Ivan Cliff, Callan's director of operations, said the consulting firm, which has clients with a total of $908 billion in U.S. institutional, tax-exempt assets, recently completed integrating MSCI data into its own systems and will also use it to help Callan clients keep track of their existing managers and avoid investment style drift.
"Going forward, it's going to start showing up in more and more client reports," Mr. Cliff said. "The other thing we're talking about is utilizing this more in the external manager search process."
Until now, Callan had used information from its own database of investment managers.
"We have a huge database," Mr. Cliff said. "We do everything the hard way, but it gives us quality control."