Maples Fund Services Provides Consolidated Risk Reporting for SBCERA

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San Bernardino County Employees Retirement Association (SBCERA), the public pension fund with more than $6 billion in investment assets, has expanded its relationship with Maples Fund Services, a leading independent global fund services provider and a division of MaplesFS, to include customized, consolidated risk reporting.

“The Maples value proposition was unique. The leading-edge technology and professional expertise brought by Maples was essential, but it is the responsiveness and flexibility of their staff that really makes them great partners for us.”

Maples Fund Services’ consolidated risk reporting will enhance the ability of SBCERA’s investment team to actively monitor and manage investment strategies and portfolio risk.

Since 2009, SBCERA and Maples Fund Services have been working together on the operation of an $800 million bespoke hedge fund managed accounts program. As part of its outsourced administration services, Maples Fund Services provides an online dashboard and set of analytical reports that enables the SBCERA investment team to actively monitor hedge fund managers that have discretion over assets within the program.

Consolidated risk reporting is a logical extension of that work. By introducing data from third-party sources into the Maples Fund Services reporting platform, SBCERA gains additional insights and enhanced analytics across their entire investment portfolio.

Maples Fund Services’ mandate includes provision of the following services:

  •     Analytics Dashboard: An intuitive on-line dashboard that can be used to view portfolio data on-demand, allowing the investment team to gain insight into drivers of portfolio performance and manage risks.
  •     Analytical Reports: A customized monthly report package that gives SBCERA’s board an easy-to-understand overview of portfolio allocations, performance and risk metrics.
  •     Analytical Staff Augmentation: Maples Fund Services professionals provide analytical support for ad-hoc report requests, such as the compilation of manager-specific reports in preparation for trustee due diligence visits.

“SBCERA has investigated and experienced several other solutions for consolidated risk reporting,” said James Perry, Senior Investment Officer at SBCERA. “The Maples value proposition was unique. The leading-edge technology and professional expertise brought by Maples was essential, but it is the responsiveness and flexibility of their staff that really makes them great partners for us.”

“We collaborated with SBCERA for several months to design and develop a solution that would address their specific needs,” Scott Somerville, Chief Executive Officer of MaplesFS, said. “We are very proud of the result, and believe that it represents a revolution in the way fiduciaries can demonstrate proper oversight of the increasingly sophisticated investment strategies employed by institutional investors.”

About Maples Fund Services

Maples Fund Services is an independent global fund services provider. It has offices in leading financial centres, including the Cayman Islands, Dubai, Dublin, Hong Kong, Luxembourg, Montreal and New York. The firm provides a full range of fund administration services to onshore and offshore funds. The firm's clients come from a wide range of investment management firms and global financial institutions. Maples Fund Services is led by a team of experienced professionals and is committed to providing a high level of service, tailored to specific client requirements. For more information, visit http://www.maplesfundservices.com.

About SBCERA
The San Bernardino County Employees' Retirement Association (SBCERA) provides its more than 32,000 members and their beneficiaries with retirement and related benefits and services which they have earned, commensurate with their years of service and compensation. The Board of Retirement’s responsibilities and functions are governed by the applicable provisions of the California Government Code, along with the bylaws and regulations of SBCERA.

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Tyler Kim
Maples Fund Services
+1 514 228 2212
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