Client Testimonial: Frank Vitiello, Boston University Investment Office
Frank Vitiello, Investments Operation Manager from the Boston University Investment Office, explains Dynamo’s positive impact and the core areas they use it for: (1) management of their investment management research process, and (2) investment portfolio management, which empowers them to track all the transactions, valuations, and performance. Ultimately, Frank and his team now get timely and accurate information, enabling better decision-making! Watch the video today!
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Video Transcript
Investment Management
We really use it for, in my mind, two different things.
One is for the investment management research process where we store
- all the documents,
- all of our meeting notes,
- all of our managers that we’re looking at,
and it’s really an electronic filing cabinet for all of our documents, all of our research that we do, and all of our managers.
Portfolio Accounting
The other piece is really the investment portfolio accounting,
- all the transactions,
- valuations,
- performance of all of our managers.
The biggest impact has really been on getting information in a more timely fashion and more accurate.
Less Wait Time
One example is like as we’re getting privates in, we’re able to see what the impact is on our portfolio.
Instead of waiting, we used to have to wait two months to kind of get through the process. Now we’re able to see that in a day.
You know, when we do get a large chunk of manager data in, you know, I’m able to send out an email that night saying, here’s where we are, here’s what’s been reported, here’s what our gain loss, our performance is. We’re not waiting nearly as long as we used to be.
New Capabilities with Dynamo
We never checked which classes and what our side pockets were. We’re now able to separate that out.
So, if we’re looking at a manager, we can see, especially our front office, is that they can see what they have in liquid, you know, if they want to redeem out what they could actually pull out versus what’s in the side pocket and can’t be. And that’s been, I think, a big difference for our team is they have that information now that they can make better decisions on.
Client Service Team
Working with the client service manager has been great. He is really receptive to us. He’s come in a couple of times and done training classes for us on site, which has been very helpful and really has been a pleasure working with Dynamo and the service team.
Future with Dynamo
But I definitely see us expanding how we integrate Dynamo within the office and expanding in being able to pull more data out of it.
I think one of the benefits is we bring things to Dynamo that we see would be helpful to us and they take a look at it and kind of see how it helps all their LPs and I think with that is able to take our idea and make it even better.