SERVICES
Performance analytics that explains returns, not just reports them.
Calculate and attribute performance using governed portfolio data, cashflows and approved methodology with transparent reconciliation and review.
Overview
Performance analytics measures investment returns and, where appropriate, attributes those returns to strategies, securities, factors, sectors or other dimensions. Private-market reporting may use cashflow-based measures such as IRR and multiples; liquid strategies typically use time-weighted returns and detailed attribution.
It sits on validated portfolio, valuation and cashflow data and supports investment teams, management, investor reporting and analytics.
Why it matters
Performance is sensitive to valuation timing, cashflow treatment, benchmark choice, methodology and data quality. Different engines can produce different results for the same portfolio if these are not governed.
Common operating challenges
- Performance differs across systems/reports.
- Cashflows or valuations missing/misdated.
- Attribution tags inconsistent.
- Benchmark/methodology assumptions unclear.
- No reconciliation to approved books/portfolio data.
What we deliver
| Capability | What it covers |
|---|---|
| Return calculation | Compute approved portfolio/fund return measures. |
| Attribution | Break returns into agreed drivers. |
| Private-market metrics | Support approved IRR/multiple-style measures where relevant. |
| Benchmark comparison | Apply approved benchmarks. |
| Performance reporting | Deliver recurring packs/dashboards. |
| Reconciliation | Tie key inputs to approved portfolio/accounting records. |
Our role can be configured around a defined operating mandate: a recurring managed service, a technology-enabled client workflow, or a co-sourced model in which execution and review are split between Kelton, the client and appointed providers.
Inputs, workflow and outputs
Typical inputs
- Validated holdings/valuations
- Cashflows
- Transactions
- Benchmark / market data
- Strategy tags
- Approved performance methodology
Controlled workflow
| Step | Activity | What happens |
|---|---|---|
| 1 | Validate data | Confirm portfolio, valuation and cashflow population. |
| 2 | Apply methodology | Use approved calculation rules. |
| 3 | Calculate | Generate returns/attribution. |
| 4 | Reconcile | Compare with prior/official outputs. |
| 5 | Review movement | Investigate material differences. |
| 6 | Publish | Release controlled performance pack. |
Typical outputs
- Performance report
- Attribution analysis
- Benchmark comparison
- Private-market performance metrics
- Movement/reconciliation report
- Performance dataset
Controls and review
The workflow is designed so that automation does not obscure responsibility. Routine processing can be standardised; exceptions, material judgements and formal approvals remain visible and attributable.
- Methodology documented/versioned.
- Cashflow/date validation.
- Reconciliation to approved records.
- Benchmark changes controlled.
- No performance claim presented as audited/guaranteed unless formally verified.
Responsibility boundary
We provide performance calculation and reporting support, not investment advice. Interpretation and investment decisions remain with the manager.
Technology & expertise
Our operating model combines specialist knowledge with controlled technology. Domain experts define the rules, review logic and exception criteria; the technology layer makes the workflow repeatable, traceable and scalable.
Technology
- Performance calculation engine.
- Attribution/tagging.
- Benchmark integration.
- Reconciliation/movement analytics.
- Dashboard/report generation.
Expertise
- Performance measurement.
- Liquid vs private-market metric differences.
- Data/cashflow validation.
- Attribution/reporting design.
Expert knowledge is converted into controlled rules, SOPs, checklists, validation tests and exception criteria so that the operating standard is embedded in the workflow rather than dependent on one individual.
Delivery models
| Model | How it works |
|---|---|
| Managed Operations | We execute the agreed recurring workflow. Client and appointed-provider approvals remain explicit. |
| Technology Enablement | We implement the data, workflow and control layer for the client team to operate. |
| Hybrid / Co-sourced | Execution and review are shared through a documented responsibility and escalation model. |
| Transition & Implementation | We mobilise the workflow during a launch, provider change or target-operating-model transition. |
Frequently asked questions
Which performance metrics should be displayed?
Only those appropriate to the strategy and supported by validated methodology.
Can performance be attributed by strategy or PM?
Yes if reliable tags/data exist and the method is agreed.
How is this different from investor reporting?
Performance analytics produces the measures; investor reporting packages approved measures for recipients.
Discuss Performance Analytics
Start with one workflow, one operating issue or one provider transition. We will map the current process, responsibility boundaries, required data and a practical first engagement.