03:00 Wed 28 Sep 2016
StatPro Group PLC - Launch of StatPro Revolution Performance
World's most scalable performance measurement system for asset managers launched
StatPro Revolution Performance simplifies the critical process of performance measurement for asset managers at a time when data management complexity grows and demands from regulators and clients continue to increase.
Asset managers are struggling to keep pace with rapid change in the industry, with many systems operating at peak load and failing to meet ever-shorter calculation deadlines.
"We are delighted to launch this core service of our Revolution platform, today. Over the last decade we have designed and built a unique cloud-based performance measurement service for asset managers.
"StatPro Revolution Performance significantly reduces the turnaround time for delivering portfolio performance results to stakeholders. It enables clients to manage and control data more efficiently, calculate results faster than ever before, and distribute results for analysis and reporting, all within a single platform.
"We always look to provide our clients with significant productivity gains, but the productivity gains promised by Revolution Performance are of a different magnitude. We believe the business benefits of our new cloud technology will transform the way asset managers calculate performance."
Analyst and investors presentation
Client launch event
The Group is also hosting a launch event today for clients:
Asset management industry
The asset management industry has grown rapidly since the 1980's. In 1980, US mutual funds had just
At the same time, the systems that were first implemented for the industry have failed to keep up with the huge growth in assets, complexity and sophistication of the asset management business. In addition a plethora of regulations have been imposed by governments and regulatory bodies.
Systems
Very few asset managers of any size have only one system for performance measurement and most have many. This situation evolved as different parts of any one organisation selected different systems, including the front office for managing money, the middle office for reporting to clients and the back office for reporting to private clients.
The challenge for any single system is to be scalable in order to handle large volumes of portfolios to be able to manage private client portfolios, fast enough to provide timely data to the front office and sufficiently precise to meet the needs of the middle office for reporting and compliance purposes.
StatPro Revolution Performance meets all these requirements.
StatPro Revolution Performance leverages the huge scale of the
For example, a client can stipulate that a calculation take no more than 30 minutes and the service will request sufficient servers to meet this time frame. This innovation liberates asset managers from lengthy and unpredictable calculation windows using fixed IT infrastructure.
What used to take one to two days can now be done in a few hours. This in turn will increase the productivity and service quality that asset managers and fund administrators can offer their clients.
StatPro Revolution
StatPro Revolution Performance is an integral part of StatPro Revolution. StatPro Revolution offers many performance analytics, multiple attribution models, multiple risk models, stress tests, back testing and scenario analysis as well as multiple reporting and integration solutions. The combination of all these analytics connected to the power of the Performance platform makes StatPro Revolution unique in range and depth of functionality as well as being hugely scalable.
Today,
Enquiries:
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+44 (0) 20 8410 9876 |
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Panmure Gordon - Nomad and Broker |
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Corporate Finance - |
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+44 (0) 20 7886 2500 |
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Corporate Broking - |
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+44 (0) 20 7457 2020 |
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