Craig Horvath - Independent Contractor
My name is Craig Horvath, and I am an independent contractor and the Principal Consultant at Performance Measurement Solutions.
I founded Performance Measurement Solutions in 2011 recognizing the industry need for assisting firms in their desire to become GIPS Compliant. Prior to starting Performance Measurement Solutions, I worked for 3 investment firms ranging from a broker-dealer structure to a large, institutional investment manager. In 25+ years in the investment management industry I have since worked with/in firms ranging from: 1 to 100s of employees, 75-5000 accounts of all types and asset classes, and assets under management ranging from $250m to $70b.
During the course of my career, I have learned that the proper implementation of your Operational functions and processes has a direct impact on your performance results. During this time I have worked with over a dozen portfolio accounting, CRM, trading, billing, attribution, performance, and composite management platforms which allowed me to develop a deep understanding of the entire investment operations process/lifecycle. My performance-focused Operational expertise and specialized project management skills are crucial in assisting firms in their understanding of why everything affects their Firm’s overall data integrity & performance returns.
Engagement with an experienced professional with knowledge of the entire investment operations process/lifecycle is crucial and beneficial to the overall efficient operations of an investment management firm. Having worked with over a dozen portfolio accounting, CRM, trading, billing, attribution, performance, and composite management platforms has allowed me to develop a deep understanding of the entire investment operations process/lifecycle.
From 2020-2023 I served as a member of the GIPS Standards Interpretations Subcommittee, which is responsible for developing technical guidance, interpretations, clarifications and supporting authoritative guidance for the GIPS Standards.
I have provided a few Testimonials from previous colleagues and clients that I hope you will find useful.
If I can be of any assistance to your Firm, I am open to a discussion at your convenience.
Sincerely,
Craig Horvath, CIPM, CAPM
Basic Skill Set
Core Values
Independence - Maintains independence, which allows clients to receive objective and unbiased opinions.
Trust - Strives to earn your trust, and work diligently to keep that trust.
Consistency - Accurate presentation of your performance results is paramount. More importantly, it's how you present those results that matter most.
Process - The methods used to manage your internal processes are crucial. Your end results are only as good as the processes behind them.
Transparency - Protecting information rather than sharing it is an outdated way to succeed. Keeping you informed and educated every step of the way creates the best long-term results.
Primary Focuses
Industry Skills & Abilities
Years of experience designing, developing and implementing new platforms for the investment management industry.
Comfortable working in or managing systems implementation projects that impact multiple parts of your firm.
Track record of analyzing business processes to drive efficiency, improve client service, and reduce risk.
Ability to assess and document business needs including systems, data, integration, workflows, & eventual output.
Expert level knowledge of front, middle and back-office operations in investment management organizations.
Craig Horvath - Resume
Professional Experience
Performance Measurement Solutions – Chicago, Illinois
Principal Consultant
December 2010 – Present
GIPS Implementation - Expert knowledge of the GIPS© Standards, providing a framework for firms to navigating the GIPS compliance process.
Operations Specialist - Strong understanding of the operational processes surrounding all aspects of any investment management firm structure, creating efficiencies in workflow processes, in all departments, with a focused ability to define an Operational environment.
Business Analyst - Initiated efforts to increase overall operational efficiencies with respect to the operational activities of a firm through intensive business analysis processes.
Data Migration - 25 years of experience working with over a dozen portfolio accounting, CRM, performance, and composite management platforms with extensive experience with portfolio accounting system conversions and new software integrations.
Project Management - Ability to project lead on short, as well as long-term Agile-based projects that require organized and detailed interdepartmental communications across all aspects of a firm.
Performance Measurement - Provide operational assistance as it relates to all aspects of the performance measurement process encompassing all facets of individual account & composite performance returns.
Ariel Investments – Chicago, Illinois
Performance Manager / Operations Specialist
June 2006 – February 2010
Interfaced between the Marketing, Operations, Technology, Legal and Compliance teams to achieve the proper configuration of investment software applications for effective data distribution & firm-wide reporting techniques.
Initiated efforts to revamp operational processes promoting continuous operational efficiency and reporting techniques.
Managed portfolio accounting system data integrity as it related to individual/composite performance & oversaw the annual GIPS firmwide verification.
Developed/updated/outlined all policies and procedures for all operational and performance-related processes.
Provided support in the form of training, procedural documentation, data dependency investigation, data integrity testing, risk mitigation and determination of appropriate application ownership.
Managers Investment Group – Chicago, Illinois
Operations Specialist / Performance Analyst
September 2000 – May 2006
Responsible for the collection, internal maintenance, and external dissemination of all intra-company investment product data for over 25 existing relationships.
Managed the daily reconciliation process for over 5000 wrap accounts on multiple external sponsor platforms.
Responsible for limited trading and billing activities which included investing new accounts, portfolio rebalancing and continual investment account maintenance, as well as processing all invoices for High Net Worth and Institutional clients.
Initiated new software products to enhance existing offerings while continuously reporting to senior management the progress and status of the overall implementation.
Wachovia Securities – Chicago, Illinois
Supervisor / Performance Analyst
August 1995 – September 2000
Managed six Performance Group team members who were responsible for all data integrity issues while providing performance support to a sales force of more than 1300 investment consultants.
Oversaw the quarterly reporting process for 15,000 performance reports to both internal consultants and external clients.
Educated Performance Group team members on various computer applications, reporting techniques, and software updates, while updating existing policies and procures to ensure adherence to documented guidelines.
Liaison between 3rd party services and outside custodians, advisors and/or internal staff to resolve reconciliation issues regarding processing of new accounts, transfers, cash management and all other account-related inquiries.
Education
Master of Business Administration (MBA) – Northern Illinois University - May 1997
Bachelor of Science (BS) – Finance Major, Accounting Minor – Illinois State University - May 1994
certifications
Certified Associate in Project Management (CAPM) – Project Management Institute - April 2023
Certificate in Investment Performance Measurement (CIPM) - CFA Institute - June 2014
Certified Associate in Project Management (CAPM) - Project Management Institute - April 2023
Certified Scrum Master (CSM) - Scrum Alliance - May 2024
