Registration Information:

• Member Attendee: $795
• Non-Member Attendee: $995

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This Workshop will cover topics related to data management for asset management firms, including new security set-up, pricing and reconciliation; discussion on the structure of the security master file, how data is managed and the importance of accurate data to efficient downstream operations functions; and, the role of technology in data management. The Workshop will separately focus on swaps and derivatives, asset classes with distinctive data characteristics and operational issues. The Workshop will incorporate perspectives from different market constituencies, i.e. asset manager, custodian, valuation agent, data vendor.

Program  

8:00 a.m. – 9:00 a.m. Registration and Continental Breakfast  

9:00 a.m. – 9:10 a.m. Welcome and Introduction
Dayle Scher, MFS Investment Management

9:10 a.m. – 10:10 a.m. Data Management from the Operations Perspective
This panel will discuss the structure of data management in an asset management firm, including how the security master data is set up (for example, is one security master used across the firm?) and whether firms use a data governance program. Custodian bank issues concerning security master structure and maintenance controls will be reviewed as there is a direct impact on efficient and accurate processing with the asset managers. The panel will address how the data management structure impacts data quality, and will discuss best-of-breed solutions. Then the panel will explore the downstream impact of the data in the firm’s operations, including pricing and reconciliations. There will be a discussion of the asset managers’ pain points with data, such as mortgage TBAs, dummy and live CUSIPs.

Moderator:
Dayle Scher, MFS Investment Management

Panelists:
Maryann Houglet, A-Team
Paul Bradley, Wellington
Other panelists TBA

10:10 a.m. – 11:00 a.m. Data Management and Technology
This panel will discuss the importance of technology on data management. The panel will attempt to answer the question: What is the ideal unique security identifier? The panel will explore the market practice of using MIC along the ISIN, and other ways to uniquely identify a line of securities including multi-listed situations. The panel will review the take-up and use of various data standards such as FIX, FpML, ISO 15022, as well as SWIFT messaging; how the industry can truly utilize these standards and their impact on data management. In light of the above, panelists will discuss the impacts of the challenges that both asset managers and custodian banks face.

Moderator:
Matt Nelson, TowerGroup

Panelists:
TBA

11:00 a.m. – 11:15 a.m. Break  

11:15 a.m. – 12:15 p.m. Pricing Panel
The pricing panel will open with a discussion of pricing models (such as matrix pricing and mean pricing) currently used by vendors and the need of asset managers to understand how these models are used to obtain a daily price. The panel will also discuss fair valuation and impacts to their process and controls. The panel will also discuss pricing discrepancies and what is the best way to resolve these discrepancies.

Moderator:
Elizabeth Hoetger, HIMCO

Panelists:
Larry Barnett, Braddock Financial
Elizabeth Duggan, IDC
Unmesh Bhide, Bear Stearns Pricing
Other panelists TBA

12:15 p.m. – 1:15 p.m. Luncheon  

1:15 p.m. – 2:30 p.m. Swaps and Derivatives Panel
This panel will focus on the data issues that are unique to swaps and derivatives processing, such as identification (no industry standard CUSIP) and pricing issues, including impact that price discrepancies have on calculating the collateralization on the swap deals. The panel will focus on the data required for swap payment process; and, how the DTCC Trade Warehouse will resolve payments processing and enable asset managers to easily identify each swap payment correctly. The panel will focus on netting capabilities for payments and the impacts of netting, as well as obtaining the right data feeds, touching on issues building STP utilizing FpML.

Moderator:
TBA

Panelists:
Devika Darbari, Markit (RED)
Mike Dever, StateStreet
Lisbeth Hadingham, JPMorgan Chase
Chris Richmond, BNY Mellon
Other panelists TBA

2:30 p.m. – 2:45 p.m. Break

2:45 p.m. – 3:45 p.m. Industry Trends Panel
This panel will discuss how asset managers can react to new industry trends, such as trends in pricing and new vendor solutions. In addition, the panel will address the recent sub-prime mortgage pricing issues and the impact on asset managers and data providers.

Moderator:
Dayle Scher, MFS Investment Management

Panelists:
Maryann Houglet, A-Team
Paul McInnis, Eagle Investments
Unmesh Bhide, Bear Stearns Pricing Direct
Larry Barnett, Braddock Financial

3:45 p.m. – 4:00 p.m. Closing Remarks  

4:00 p.m. – 5:00 p.m. Reception

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