Fund managers throw away 60 basis points of performance a year through inefficient asset allocation, Inalytics, an advisory firm, has claimed.

It persuaded the £22bn (€32bn) UK Universities Superannuation Scheme to subscribe to its service to check on the strengths and weaknesses of its external managers. Asset managers, multi-manager specialists and consultants have also shown interest in the techniques, which costs £5,000 a month for a basic service.