US - Morningstar has pledged to set up a pension, endowment and foundation database, to provide information for comparing fund performance.
Together with the National Conference on Public Employee Retirement Systems (NCPERS), Morningstar has already started asking representatives from the broader pension plan, endowment, and foundation community about their willingness and ability to provide data on a monthly basis.
Morningstar said there would be no cost to participate in the voluntary database, which would be aimed at groups such as pension administrators, managers and trustees.
It explained participants would receive periodic analysis reports comparing their performance to their peers within a geographic region or nationwide.
NCPERS executive director Hank Kim said: “Public plans impact everyone—not just trustees, managers, and participants. The strong preliminary results we received were very encouraging. We hope that the public plan community as well as the larger institutional community will recognise the value of a database and agree to participate.”
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