In an environment where round-trip trading costs can easily exceed 1.5% (often the largest expense of the Fund), superior stock-picking ability is not enough. Fund fiduciaries are under increasing pressure to establish meaningful oversight programs that ensure managers achieve Best Execution, commission recapture/directed brokerage programs work as intended, and portfolio transitions/rebalancings are implemented in a prudent and efficient manner.
As prudent fiduciaries, more than ever before, asset owners should understand their managers’ trading process, what they pay to execute trades, whether they obtained Best Execution, and its impact on performance.
What you don’t know, can hurt you!
Who is Zeno Consulting Group, LLC
Zeno Consulting Group, LLC is a consulting firm, not an asset manager or broker, that specializes in helping large institutional clients proactively monitor, and manage, their asset managers’ trading processes.
Established in 1986 as “Plexus Group,” Zeno has a well earned reputation as a thought-leader and the “Gold Standard" of trade cost analysis, including being named “Consultant of the Year" in 1999 by PLANSPONSOR magazine. While, over this period, Zeno has worked within several parent companies, and recently switched its name (from Plexus to Zeno), its core philosophy and services have remained unchanged.
What Zeno Consulting Group, LLC Does
Zeno Consulting Group, LLC provides trade cost consulting and review services, as a trusted independent Registered Investment Advisor. With over 15 years experience in exercising the right level of meaningful oversight, analysis, and interpretation, Zeno’s services are designed to:
- Assist Fund fiduciaries in meeting their legal obligations to monitor for Best Execution
- Empower Fund fiduciaries to effectively manage and control excessive trading costs
- Provide substantive due diligence and insight into what managers do with Fund assets
- Help ensure that trading strategies are consistent with investment mandates
- Provide critical transparency to help deter trading and soft-dollar abuses
For more detailed information on Zeno’s methodology, approach to trade cost analysis, and key personnel, go to the “ABOUT US” page.
Printable Zeno Products & Services Information
