Timely reporting key to successful shadow screening

Fund managers that provide data within 30 days of the reporting quarter are more likely to be picked up by investors in the screening process, data suggests. In a whitepaper published by eVestment, shadow searches and screens on fund managers are increasingly popular, and providing timely financial information could be the difference between being picked or overlooked. According to the service provider's database, screens performed by potential investors have increased by 500% since 2012, suggesting that "using databases to create initial shortlists of managers is undoubtedly on the rise," the whitepaper said.