Our Services
XTP ist a specialist consultant focusing on transparency, cost, and risk. XTP actively supports asset owners in turning data into results. We create full cost transparency in your public and private market portfolios. We assure contract compliance, eliminate process inefficiencies and operation risks, and optimize costs without changing your investment set-up. The result is a risk-free increase in net return across all asset classes.
Enhanced Insight
through comprehensive benchmarking & forensic analysis
Increased Net Return
by eliminating process inefficiencies & optimizing costs
Enhanced Governance
from improved transparency & assured contract compliance
Our clients
Decreasing returns in some assets classes, regulators becoming more demanding, and tightening ESG-requirements – asset owners globally are facing several challenges.
Cost efficiency and contract compliance are highly important topics for public pensions (federal, state and local retirement plans), occupational pensions (DC/DB-plans), retirement plans from churches, unions, and corporates, as well as insurance companies and other asset owners.
XTP assists in improving performance, governance, and fiduciary oversight.
Implementation Shortfall
Our approach
1
- Reported costs of your public and private market investments
- Starting point of XTP analysis
2
- Invisible but there
- Bigger part of costs is below the surface and not captured by conventional cost metrics
3
- XTP uncovers the invisible and quantifies the implementation shortfall
- True Total Cost of Ownership (TCO) is determined
4
- Combining deep industry experience with proprietary software, databases, and forensic capabilities enables us to make your investment set-up more competitive
- You will benefit from a risk-free increase of net returns
Industry reporting templates and conventional cost-measures such as the Annual Fund Operating Expenses, Ongoing Charges Figure (OCF) or Total Expense Ratio (TER) represent only part of the investment costs incurred. Key cost categories, such as implicit transaction costs, performance fees and portfolio level costs, are missing from these metrics.
Templates and ratios do not tell you where operational inefficiencies and cost leakages are causing unnecessary underperformance.
XTP helps to align your providers with industry best practice and identify where your portfolios should be earning you more. We are an independent consultant working with you, representing only your best interests.
Implementation Shortfall
1
- Reported costs of your public and private market investments
- Starting point of XTP analysis
2
- Invisible but there
- Bigger part of costs is below the surface and not captured by conventional cost metrics
3
- XTP uncovers the invisible and quantifies the cost metric gap
- True Total Cost of Ownership (TCO) is determined
4
- Combining deep industry experience with proprietary software, databases, and forensic capabilities enables us to make your investment set-up more competitive
- You will benefit from a risk-free increase of net returns
Our approach
Industry reporting templates and conventional cost-measures such as the Annual Fund Operating Expenses, Ongoing Charges Figure (OCF) or Total Expense Ratio (TER) represent only part of the investment costs incurred. Key cost categories, such as implicit transaction costs, performance fees and portfolio level costs, are missing from these metrics.
Templates and ratios do not tell you where operational inefficiencies and cost leakages are causing unnecessary underperformance.
XTP helps to align your providers with industry best practice and identify where your portfolios should be earning you more. We are an independent consultant working with you, representing only your best interests.
We follow a simple three step process:
Creating Full Cost Transparency
of your investment value chain. We look further than headline figures given by service providers or industry reporting templates. All costs and processes across all asset classes are captured and verified to ensure that data is true and accurate, giving you a complete perspective of your scheme’s investments and the effective total cost.
Optimizing Your Investment Set-Up
to extract the full value from your decisions. XTP benchmarks all costs
and processes against industry best-practice, sets competitive targets and offers actionable suggestions to remove cost leakages and operational risks that drain on your performance.
We verify if your service providers have complied with their contractual obligations and we implement the identified improvements through skilled negotiations.
“The whole is greater than the sum of its parts”
Aristotle
Monitoring
the ongoing effects of improvements. XTP provides support behind the scenes and reports savings directly to you. Capital markets are constantly changing and your investment governance needs to reflect this. We will update you as best practices evolve and relevant innovations occur.
About us
For more than 20 years we help asset owners to get the most from their current investment set-up and enhance investment governance. As an independent, specialist consultant we focus on tansparency, cost, and risk.
We are a data-driven organisation with a highly experienced team of more than 40 senior industry specialists, quantitative analysts, and software engineers. Technology is a fundamental component of our operation and underpins our ability to deliver superior results.
We have a proven track record of increasing implementation efficiency in public and private market assets from clients across Europe and the USA.
How are we different?
Full cost transparency is critical to improve efficiency. XTP prides itself on its bottom-up approach to data collection and analysis. Our proprietary data engines, big data scrutiny and forensic approach offer our clients a clear perspective on their portfolio and provides the basis for expert insights.
True Independence
XTP’s analysis spans the entire investment value chain, yet we do not participate in any investment activity. Our exclusive focus is to improve the implementation efficiency to create a measurable performance improvement for our clients. Since we only work for asset owners, we have no conflict of interest. Therefore, we are in a unique position because your service providers can deliver us data, knowing that we will not use it for our investment gain or share it with anyone else.
Aligned Interests
Aligned interest is very important when it comes to costs. XTP’s compensation is strictly linked to achieved improvements. Our clients bear no upfront costs or downside risk. Only the measures approved by you will be implemented.
Results Focused
Collecting and accepting reported data will not get the most out of your assets and assure contract compliance. XTP combines an analytical bottom-up approach in collecting and verifying data with big data methods and forensic capabilities. We perform the analysis and take it forward, negotiating directly with service providers to achieve improvements. This is not a reporting exercise that comes with the headache of ‘what do I do next’, XTP ensures the value comes to you.
Our team
Jannik
Ahlefeldt-Laurvig
Associate Partner, Nordics
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Client relations Nordics
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Former Administration Lehman Brothers Europe (settlement negotiations)
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Former Executive Director Goldman Sachs (Fixed Income, Currencies, Commodities)
Marc
Becker
Managing Partner
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Head of Analytics
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Liquid Assets Benchmarking since 2008
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Product Development
Stewart
Bevan
Associate Partner, UK
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Client relations UK
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Analytics and negotiations
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Former member of the FCA’s Institutional Disclosure Working Group
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Former professional at J.P. Morgan and KAS Bank
William P.
Conlin
Executive Chairman, XTP USA
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Former President and CEO, Abel Noser
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40 year’s experience in the service of sponsors, foundations and endowments
Dr. Nikolai
Dördrechter
Managing Partner
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COO, Head of Private Markets
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Analytics, negotiations and business development
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Former Managing Director and Co-Founder Policen Direkt and Partner Private Equity and M&A at Oliver Wyman
Michael
Fuß
Managing Partner
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Head of client relations and negotiations
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Former Managing Director institutional asset management Deutsche Bank
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Background in trading, administration and distribution
Philipp
Henrich
Managing Partner
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CEO, Founder
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Lead corporate matters, financials and strategy
Olga
Karavaeva
COO/CFO, XTP USA
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Experienced law (LL.M.) and finance (MBA, M.Sc. in Finance) professional
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Previous positions at UniCredit, EY and Baker & McKenzie
Dr. Achim
Lutz
Partner, UK
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Business Development UK
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Real Estate Expert
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Former Managing Director German real estate asset manager and capital markets lawyer at Shearman Sterling
Fabienne
Neumann
Senior Relationship Manager
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Client relations and busniess development
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Former professional at Deutsche Bank, institutional asset management
Arndt
Völkle
Managing Partner
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Head of Financial Engineering
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Expert for valuation of derivatives and complex securities as well as execution processes
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Former Managing Director of EDG and CTO of vwd
Prof. Dr. Lutz
Johanning
Partner and Head of the Supervisory Board
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Founder
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Holder of the Chair of Empirical Capital Market Research at WHU – Otto Beisheim School of Management
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Member of the Consultative Expert Group for the European Supervisory Authorities (ESMA, EBA, EIOPA).
Prof. Dr. Ralf
Elsas
Supervisory Board Member
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Head of the Institute for Finance and Banking, Ludwig-Maximilians-Universität Munich
Dr. Carl-Peter
Feick
Supervisory Board Member
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Expert in Banking and Capital Market Law
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Senior Partner at Linklaters Germany and Member of the global Executive Committee (2010-2016)
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Lawyer at Linklaters in London and Frankfurt (1995-2018)
Wolfram
Klingler
Chairman
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Founder
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Chairman XTP Switzerland and Director XTP USA
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Former professional at Clearsight (private equity) and GAM (hedge funds)
Join us
Our services are utilized across the most sophisticated financial markets in the world, and we are building an international culture where our team feels empowered, responsible, and valued. We can offer you access to bright minded people, the environment to develop your knowledge further, and a platform to make a difference in financial services in public and private markets.
If you would like to be part of an innovative and growing company, please get in touch! Below is a list of our open opportunities, but if you think you could bring something special to our team, we would love to hear from you.
Project Manager Private Equity / Real Estate (f/m/d)
Manager Institutional Investment Consulting (f/m/d)
Head of Business Development (f/m/d)
Associate Private Equity / Real Estate (f/m/d)
Quantitative Trading Analyst (f/m/d)
Senior Web / .Net Developer (f/m/d)
Analyst Private Equity / Real Estate (f/m/d)
General Counsel (f/m/d)
Web Frontend / .Net Developer (f/m/d)
Contact & Locations
GLOBAL & GERMANY
Michael Fuß
+49 69 76 80 750
UNITED KINGDOM
Stewart Bevan
+44 751 69 77 057
SCANDINAVIA
Jannik Ahlefeldt-Laurvig
+45 23 26 50 53
NORTH AMERICA
William P. Conlin
+1 516 314 6696
GERMANY
Barckhausstraße 10
60325 Frankfurt am Main
Germany
GERMANY
Am Poign 4
82515 Wolfratshausen
Germany
SWITZERLAND
Eichenstraße 2
8808 Pfäffikon
Switzerland
NORTH AMERICA
