Advisory firm Inalytics, founded by former pension fund manager Rick di Mascio, has won a contract to advise investment consultant Towers Watson on whether asset managers have the skills they claim.

Winning the contract is a coup for di Mascio, who started his firm in 1998 after developing his early career as in-house fund manager at the UK coal pension schemes. He worked for Goldman Sachs Asset Management for two years following its purchase of a contract to manage the coal funds in 1996.