SECTOR FOCUS - ENDOWMENTS AND FOUNDATIONS
Your portfolio spans public and private markets.
Your reporting should too.
If you are an endowment or foundation investment office that manages complex portfolios, you need the whole picture, not just part of it. You need a transparent and auditable view from the top to the bottom and across all asset classes, be they public or private.
The good news is that we can get you just that: risk intelligence that keeps pace with your portfolios, executive meeting after meeting.
RISK CAPABILITIES WE PROVIDE
Performance Reporting
Clear, board-ready performance reporting, from snapshot summaries to scheduled PDFs for every committee meeting
Portfolio Returns
Transparent realized return and risk calculations across your full investment hierarchy
Attribution Analysis
Pinpoint what's driving performance across managers, strategies, and allocations
Hierarchy Management
Custom structures and calculation methodologies built around how your investment committee views the portfolio
35%
Clients realize an average 35% first-year cost savings by replacing slower, less transparent providers with VOR.
10
The number of business days after accounting close until most clients have their finalized metrics available.
The Environment
Complexity comes with the territory. Confusion shouldn't.
Most endowment and foundation portfolios are too complex to fit into standard reporting templates. And even if they could, it wouldn’t help unless your custodian can deliver the numbers in time and with full transparency. Your lean investment team needs current, clear, defensible performance data for the board.
Transparency
You need to see exactly how every performance and risk number is calculated, so you can stand behind it with confidence when your board and auditors ask.
Our approach: Our platform runs on a rules-based engine where every calculation is fully traceable, so nothing is a black box.
Timeliness
You need performance data ready before your investment committee's meeting cycle, not weeks after the fact. A slow reporting process delays decisions your fiduciaries are accountable for.
Our approach: We enable you to have your metrics finalized when you want them, which is typically way sooner than your custodian can deliver them.
Flexibility
Your portfolio structure is unique to your organization, and a rigid, one-size-fits-all system won't reflect how your committee actually evaluates performance.
Our approach: Our platform lets you define your own fund hierarchy, calculation methodologies, roll-up levels, and custom benchmarks, so the system is built around your portfolio, not a template.
Scalability
You need a solution that keeps pace as your portfolio grows more complex, without requiring you to grow headcount just to keep up with reporting.
Our approach: We give you the choice between a fully managed service, where a dedicated FRG performance analyst handles data integration and calculations, or a self-service option that gives your team full control with support as needed.
VOR risk intelligence suite
The metrics you need to manage risk across your operations
The VOR Risk Intelligence Suite gives your team a single, transparent view into performance across every manager, strategy, and asset class in your portfolio. VOR Performance and VOR Reporting work together to turn raw position data into the defensible, board-ready reporting your fiduciaries expect.
Investment Committee Reporting
VOR Reporting
Delivers board-ready performance reporting, from snapshot summaries to scheduled PDF packages, built for your committee's meeting cadence. Rather than assembling reports manually ahead of every meeting, your team gets consistent, on-demand output your trustees can review with confidence.
Realized Performance & Risk
VOR Performance - Returns
Calculates realized return and risk across your full investment hierarchy using a transparent, rules-based methodology. Every metric traces back to a documented calculation, so nothing is a black box when your audit committee asks how a number was derived. This matters most for portfolios spanning public and private allocations, where custodian reporting often falls short.
Performance attribution
VOR Performance - Attribution
Breaks down what's driving portfolio performance, separating allocation effect from manager effect, on both an absolute and relative basis. Instead of a single blended return number, your investment committee can see exactly which managers and strategies contributed to results. That level of detail is essential when justifying manager retention or allocation changes to a board.
Portfolio Structure & Governance
VOR Performance - Hierarchy
Lets you define your own fund hierarchy, calculation methodology, roll-up levels, and benchmarks, rather than forcing your portfolio into a standardized template. The structure reflects how your investment committee actually evaluates the fund, whether by asset class, manager, or custom composite. For institutions with layered governance and multiple internal stakeholders, this alignment matters as much as the numbers themselves.
Every VOR calculation runs on FRG's metadata-driven AI layer, which flags discrepancies and drift as they occur rather than at your next scheduled review.
FAQ
Frequently Asked Questions
What is VOR Performance?
VOR Performance is a performance measurement and reporting system that calculates realized return and risk attribution based on your organization's fund hierarchy. It gives your investment team a fully transparent, customizable way to calculate performance metrics — without relying solely on a custodian's methodology.
Why use VOR instead of relying on our custodian?
Custodian performance services are often costly, slow, and short on transparency into methodology — clients report waiting 4–6 weeks after close for an accurate final number. VOR Performance is a rules-based engine with fully transparent calculations, and clients routinely have metrics finalized within 10 business days of accounting close.
What service levels do you offer?
VOR Performance is available in two versions. The unmanaged option lets your team upload data and manage reporting independently, which is well suited to smaller organizations or simpler portfolios. The managed option assigns a dedicated FRG performance analyst to handle data integration from your managers and custodians, ideal for larger organizations with more complex portfolios.
How does VOR Performance work?
You define your fund hierarchy, calculation methodology, roll-up levels, and benchmarks, then upload positions and cash flows for each fund. VOR runs the calculation and returns a spreadsheet detailing results and every calculation step, so you can trace or adjust values before finalizing.
Can VOR handle our organization's complex, multi-manager portfolio?
Yes. VOR is built for exactly this kind of complexity, spanning public and private allocations, multiple managers, and varied strategies, with attribution that shows the allocation and manager effect behind every return rather than a single blended number.
How is our data protected?
VOR data is hosted in a virtual private cloud and protected by two-factor authentication and ISO 27001 certification, so your organization's investment data stays secure throughout the reporting process.