Transition
Management
Implementation
We view managing the opportunity cost as the key element to a successful transition. While developing appropriate trading strategies to minimize transaction costs (i.e., commission, bid/ask spreads and market impact), it is the costs that arise from the difference in returns between the actual portfolio and the target portfolio that will have the greatest impact on implementation shortfall. If this risk is not properly managed, the opportunity cost will far outweigh transaction costs.
Brockhouse Cooper uses its centralized, 24-hour, agency-only, global trading desk to execute transition trades. The trading desk uses the latest third-party technology, algorithms and proprietary software in order to obtain best execution of the trades. It also uses its broker and investment manager network as a source of liquidity.
Our trading desk’s ability to find liquidity from various sources including dark pools and our extensive client list helps to reduce market impact costs and opportunity cost risks.
We offer flexible reporting solutions tailored to our client’s information needs. This reporting allows for complete transparency and reduced operational risks. Furthermore, we provide timely and orderly settlements of the transition trades, which in turn minimize any costs and risks involved with failed trades and settlement delays.
