Backstop Solutions Group and Mercer Announce Strategic Alliance

Rhea-AI Summary

On June 16, 2020, Backstop Solutions Group announced a strategic alliance with Mercer, a business of Marsh & McLennan (NYSE: MMC). This partnership allows Backstop clients to access Mercer's institutional investment data, research, and ratings through Backstop's platform. With data on over 7,000 managers and 35,000 strategies, asset owners can enhance their research and portfolio management. The collaboration aims to improve productivity and streamline workflows within institutional investing, addressing the challenge of information overload faced by investment professionals.

Positive

• Strategic alliance with Mercer enhances Backstop's platform capabilities.
• Access to data on over 7,000 managers and 35,000 strategies improves research efficiency for clients.
• Collaboration addresses productivity challenges in the institutional investment industry.

Negative

• None.

CHICAGO, June 16, 2020 /PRNewswire-PRWeb/ -- Backstop Solutions Group ("Backstop"), a leading cloud-based productivity suite for institutional and alternative investors, and Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh & McLennan (NYSE: MMC), today announced a strategic alliance. As a result of the agreement, Mercer's institutional investment data, forward-looking research and ratings are now available through Backstop's platform, enabling asset owners to significantly streamline research and portfolio management workflows.

Backstop clients who subscribe to MercerInsight, Mercer's cloud-based investment manager research and analytics platform, will be able to access institutional investment data, research and ratings on over 7,000 managers and 35,000 strategies through Backstop's productivity platform, enabling such institutional asset owners, consultants, and advisors clients to quickly ascertain Mercer's views on managers to bolster their own research and opinions.

"Across the institutional investment industry, there is a growing focus on productivity," said Clint Coghill, CEO Backstop Solutions Group. "In joining forces with Mercer, we are able to deliver a best-in-class experience to our clients by providing both key insights and the tools to effectively manage those insights. Users can streamline research and portfolio management workflows with seamless access to fund performance and analysis as well as manager research and ratings, all within their Backstop platform."

"Investment professionals today face a real challenge with information overload. To help support the development of value added insights, information needs to be managed and made relevant to investors' own circumstances, and their actual or intended investments," said Rich Nuzum, Global President of Mercer's Investments and Retirement business. "Mercer's research, analysis and insights from more than 200 manager researchers is now flowing through the Backstop platform, giving asset owners the relevant and timely information they need, integrated into their daily workflow, to enable better collaboration and productivity."

For more information, visit https://www.backstopsolutions.com/.

About Backstop Solutions Group, LLC

Backstop's mission is to help the institutional investment industry use time to its fullest potential. We develop technology to simplify and streamline otherwise time-consuming tasks and processes, enabling our clients to quickly and easily access, share, and manage the knowledge that is critical to their day-to-day business success. Backstop provides its industry-leading cloud-based productivity suite to investment consultants, pensions, funds of funds, family offices, endowments, foundations, private equity, hedge funds, and real estate investment firms.

About Mercer

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer's more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annual revenue of $17 billion. Through its market-leading businesses including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit http://www.mercer.com. Follow Mercer on Twitter @Mercer.

 

SOURCE Backstop Solutions Group

FAQ

What is the strategic alliance between Backstop and Mercer?

The alliance enables Backstop clients to access Mercer's institutional investment data, research, and ratings through Backstop’s productivity platform.

How does the Backstop and Mercer partnership affect asset owners?

It allows asset owners to streamline their research and portfolio management workflows with access to extensive investment data and insights.

What type of data can clients access through the Backstop platform after this partnership?

Clients can access institutional investment data, research, and ratings on over 7,000 managers and 35,000 strategies.

When was the strategic alliance between Backstop and Mercer announced?

The alliance was announced on June 16, 2020.

What is the significance of the alliance for investment professionals?

It addresses the issue of information overload by providing relevant and timely information integrated into their daily workflows.