The simplified management structure can broaden investment manager inclusion and make it easier to screen holdings and apply portfolio customizations, such as stock exclusions to meet ESG requirements.
Enhanced Portfolio Implementation (EPI)
Centralised management of multi-manager portfolios.
What is Enhanced Portfolio Implementation (EPI)?
Enhanced Portfolio Implementation (EPI) is a platform designed to address inefficiencies, reduce costs and give greater control for investors who use multiple managers or strategies.
Accomplished by first transforming Investment managers portfolios into advisory models, EPI combines all models and investment insights into one centrally managed segregated account.
Providing solutions to your daily challenges
Traditional multi-manager portfolios appoint investment managers that provide both the idea generation and implementation of their portfolio allocation.
However, when managers implement their portion of the portfolio independently from one another this can create additional complexity, cost and operational challenges for the asset owner.
Our solutions provide the opportunity to:
A central management approach creates operational efficiencies and gives daily visibility and control of the aggregate portfolio back to the client, enabling more informed and quicker decisions. All in a single account.
Consolidating all active trade ideas on one platform with an overseeing manager results in fewer transactions and the avoidance of trades that are deemed immaterial at the total portfolio level; therefore, reducing transaction costs and performance drag.
Re-thinking the traditional structure
Anchored by proprietary technology integration and 15 years of experience, EPI helps investors rethink how to construct multi-manager strategies that unlock new opportunities while recouping unnecessary costs.
Source: Russell Investments. For illustrative purposes only.
Russell Investments is recognised again by RIAA as a Responsible Investment Leader 2024.
EPI: Re-defining multi-manager execution
Director, Customised Portfolio Solutions, Logan Hilkin discusses the evolution of Enhanced Portfolio Implementation, and the vital role it plays in helping investors.
Why Russell Investments for enhanced portfolio implementation?
Utilising investment models
A proprietary implementation platform designed to access active equity management through advisory models implemented in a single segregated account, rather than multiple segregated or pooled accounts.
Centralised execution and customisation
When working within multi-manager/strategy, we believe there should be coordination of both physical and currency trades. EPI also considers the tax implications at the total portfolio level.
Single point of control
Manage cash flows, investment manager changes, guideline monitoring, exclusions, reconciliation, transaction reporting – all in the same account with a single instruction point.
EPI is a powerful tool to implement additional portfolio opportunities
Environmental, social, and governance (ESG)¹
The application of ESG criteria within investment portfolios has gained significant traction in recent years due to increased awareness of sustainability and responsible investing. EPI offers a powerful methodology for aligning investment portfolios with specific ESG mandates, including carbon footprint.
Investment Manager Selection
Using model investments provided by Russell Investments, based on partnerships with selected global managers, helps optimise portfolio management, potentially reduce costs, and simplify the often-complex process of active manager selection and contracting. We aim to offer investors more efficient access to diversified investment strategies while navigating the challenges of managing active investments.
¹ Applying sustainability and ESG criteria to the investment process may cause the portfolio to forgo some market opportunities available to portfolios that do not use sustainability criteria. The portfolio performance may at times be better or worse than the performance of portfolios that do not use sustainability criteria.
An experienced, well-resourced global outsourced trading team
15+ yrs
Experience in EPI
150+
Mandates using EPI
130+
Managers have used our EPI program globally in 2024
£49.7 B
EPI assets managed
Source: Russell Investments, as of 31 December 2023.
Execution services are provided by Russell Investments Implementation Services Inc., member FINRA/SIPC. Any opinion expressed is that of Russell Investments, is not a statement of fact, is subject to change and does not constitute investment advice. The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested.
Navigating a multi-manager portfolio is complex. Independent investment managers bring operational challenges and costs. Innovations for portfolio manager portfolios
We took part in a Portfolio Institutional Roundtable where we discussed the key trends and challenges from across the industry and how we are helping clients address them.
Learn more
Explore these related insights
A journey to decarbonisation
We used our EPI infrastructure to help The Wales Pension Partnership (WPP) reduce the cost of investment and incorporate environmental, social, and governance (ESG) considerations to £2.6 billion of their global assets.
Redefining multi-manager execution
Eliminate complexities and allow for a more cost-efficient and transparent way of delivering a multi-manager proposition.
Outsourcing solutions
What does this look like in a post-COVID-19 landscape? We explore how an outsourcing model can help meet these needs, creating a more innovative and tailored partnership approach.
Any opinion expressed is that of Russell Investments, is not a statement of fact, is subject to change and does not constitute investment advice.
The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested.
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Logan Hilkin
Director, Customised Portfolio Solutions, EMEA
+44 020 7024 6156
About Logan