Baillie Gifford and StatPro's
Performance Measurement module
Baillie Gifford
manages funds for some of the world's leading institutions. Based
in Edinburgh, Scotland. Baillie Gifford's commitment to active fund
management is focused on serving the needs of their
clients.
Main lines of business are Pension Funds and Institutional Clients,
Investment Trusts and Retail Financial Products. We offer a full
range of pooled fund services to smaller pension funds and have
significant funds under management from institutions in the UK, US,
Canada, Japan and Germany. We also manage a number of substantial
family trusts.
Project Objectives:
We began looking for a performance measurement and attribution
solution to replace the two systems that were currently being used.
Whilst these existing systems predominately met our performance
requirements, they were using different periodicities and
methodologies for calculating performance and attribution. As there
was also a requirement to incorporate more detailed attribution in
client reports, batch processing and data extraction capabilities
were key system functionalities.
Conclusion:
After creating a shortlist of solution providers and asking them to
present, it was clear that the StatPro performance attribution
system had much of the functionality that was required. The
Reconciliation Model particularly appealed, as well as the relative
ease of importing data into the system. We were also reassured by
the level of performance expertise that StatPro has in-house and
had confidence that we could work as a team with StatPro to get the
maximum benefit from the software. We adopted a 5 phase
implementation approach and much of the successful completion of
Phase 1 in April, was due to it truly being a 3-way project between
the Performance and Systems Departments and StatPro. During the
whole process, StatPro's advice was both practical and based on
their experiences not only as vendors but as users of the system
itself in previous roles.
The implementation of the StatPro Application Interface (API ),
enabled us to integrate additional information into our client
reports with relative ease. The API represents total flexibility
and cost benefits to us and our Systems Department now has the
ability to meet our specific reporting needs by running reports
directly from the database.
The ongoing support and account management is excellent. The
support team is extremely responsive and we are able to benefit
from the e-Support system and the StatPro user groups. Overall, we
have had a very positive experience with StatPro; they have shown
expertise, commitment and dedication.
Lindsay Shields | Head of Performance
Analysis
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