ClearGlass and Nasdaq eVestment™ Partner to Facilitate Independent ‘Value for Money’ Investment Assessments

ClearGlass Analytics and Nasdaq eVestment™ announced today that they are partnering to deliver a new reporting suite designed to support a new approach for the assessment and benchmarking of investment performance relative to associated costs, including helping pension schemes within the European Union meet requirements under the EU IORP II Critical Review Directive. The suite will be available for both institutional asset owners and asset managers, spanning public and private market asset classes.

Tim Brown, CEO of ClearGlass Analytics, said:

‘ClearGlass has a foundation of client-specific cost transparency data across public and private asset classes, with data provided by over 700 asset managers globally at the request of their clients, and across most investment strategies. Nasdaq eVestment adds deep institutional market reach, delivering one of the broadest and most actionable value for money data available to institutional asset owners and asset managers.’

This partnership will enhance the governance framework for investment performance monitoring and will be particularly transformative across private market mandates. These often-complex asset classes will now be subject to deeper value appraisals, helping to assess whether performance and fees align with the Limited Partners’ objectives. In addition, it will provide a lens for General Partners to better understand the competitive landscape.

For institutional asset owners, the reporting suite will deliver the data, analytics, and qualitative reporting needed to properly evidence value for money from their investment providers. Assessments will benchmark investment performance relative to fees and associated expenses against comparable peer groups, identifying an investment provider's true market position across a portfolio, uncovering opportunities to optimize outcomes, and supporting regulatory and internal reporting requirements.

For asset managers, the suite will provide an independent, in-depth view of performance and fee

positioning relative to a pertinent peer group of competitors, enabling firms to proactively assess their investment products from a competitive perspective ahead of formal asset owner reviews. The reporting will help asset managers understand market ranges, medians, and contours across public and private investment strategies, and can also be used to evaluate new and emerging product launches. Asset managers will own any commissioned analysis and determine how findings are utilized within their broader marketing and distribution activities.

Daniel Brickhouse, Vice President, Head of Product at Nasdaq, said:

‘This partnership will introduce a new, independent assessment of investment performance relative to the cost infrastructure. It will serve as a critical tool within the investment ecosystem, helping to evidence ‘value for money’ while driving effective competition.’

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Further Information & Media Communications

Nicola Ellis

ClearGlass Analytics

1 King William Street, London EC4N 7BJ, United Kingdom

nicola@clearglass.com

+44 7384 727256

About ClearGlass Analytics

ClearGlass Analytics is a leading data analytics company headquartered in the United Kingdom and operating across multiple jurisdictions, serving institutional asset owners, their advisors, and asset managers as they navigate institutional investment markets. We aspire to bring transparency to institutional investing, empowering asset owners and their advisors to assess, and asset managers to deliver, true Value for Money at every level of the market. Our Cost Transparency & Value for Money Reporting equips asset owners to understand all costs of investment management and compare value delivered against the wider market, while our Market Positioning & Pricing Reporting empowers asset managers to precisely understand their actual competitive position and maximise AuM through optimal client prospecting and retention. To learn more about the company, our analytics, and our work across the global institutional investment market, visit us on LinkedIn or at www.clearglass.com.

About Nasdaq eVestment™

Nasdaq eVestment™ is a leading institutional intelligence and analytics platform that connects asset managers, asset owners, and investment consultants across public and private markets. As part of Nasdaq (Nasdaq: NDAQ), Nasdaq eVestment empowers institutional investment teams to make smarter, faster, and more confident decisions by delivering trusted data, market insights, and purpose-built workflows across the investment lifecycle. With the industry’s most comprehensive database of institutional strategies, investors, and professionals, Nasdaq eVestment™ brings transparency and efficiency to manager research, due diligence, fundraising, and distribution. Our data, analytics, benchmarks, and engagement tools help clients uncover opportunities, evaluate performance, and strengthen relationships across the institutional investment community. To learn more about Nasdaq eVestment™, visit www.nasdaq.com/solutions/evestment.