CHICAGO – (August 6, 2018)—Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced today that the proprietary pooled funds managed under full discretion by Aon Hewitt Investment Consulting (AHIC)—also known as “Aon-GIPS Firm”—claim compliance with the Global Investment Performance Standards (GIPS®)[1] and have been independently verified by ACA Performance Services for the period of July 1, 2010 through December 31, 2017.
GIPS is a set of voluntary, standardized, industry-wide ethical principles that guide investment firms on how to calculate and present their investment performance to prospective clients. Many asset owners are asking investment managers to comply with the GIPS standards. AHIC is an SEC-registered investment adviser that provides outsourced chief investment officer (OCIO) services on a fully discretionary basis to institutional clients. For the purposes of compliance with the GIPS standards, the GIPS Firm (“Aon – GIPS Firm”) is defined as all pooled funds managed centrally and internally by the Delegated practice as part of the above mentioned SEC-registered advisor.
“Aon strongly supports having a consistent set of best practice guidelines and standards for investment performance across all asset classes,” said Mike Sebastian, global chief investment officer of Investment Solutions at Aon. “We will continue to explore approaches that will allow us to bring greater uniformity and transparency to all of our discussions of historical performance for the proprietary funds within our delegated investment consulting business.”
In the UK, Aon recently announced it will follow the performance reporting standards from UK-based IC Select, an independent organization that helps pension funds select the most appropriate investment consultant or fiduciary manager for their scheme.
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For a copy of a presentation that complies with the GIPS standards and/or the firm’s list of composite descriptions, please email retirement@aonhewitt.com.
Media Contact:
Brodie Bertrand, brodie.bertrand@aon.com
[1] GIPS® is a registered trademark of CFA Institute. CFA Institute has not been involved in the preparation or review of this press release.
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