Latest Press Coverage
11 contracts signed over the summer and continued progress with
SaaS platform
StatPro is pleased to announce that we signed new or extended
multi-year contracts for a variety of data and analytics
services with 11 asset management firms in the US, Europe and South
Africa. The contracts were signed with Nomura Asset Management, MFC
Global Investment Management, Aviva, Alexander Forbes, JO Hambro
Capital Management, Société General Securities Services, Credem,
Bank Syz, State Street, RBC Dexia Investor Services and Hyperion
Brookfield Asset Management. These contracts support StatPro's
business objectives for the year and add to the Group's high levels
of recurring revenue under contract.
Commenting on progress during summer Justin Wheatley
Chief Executive said, "StatPro's goal is
to provide high quality data and analytics to our global customers
via our new SaaS platform. StatPro leads the way in innovative and
useful analysis of managed portfolios and through reducing the
total cost of ownership via the SaaS model we aim to make our
services available to a far larger addressable market. This high
level of business over the summer months means we continue to be on
track with our business objectives."
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Federated Investors Extends Deal with StatPro for
Hosted GIPS Compliance Solution
Technology supports investment management company's
disciplined processes
We are pleased to announce that Federated Investors, Inc., has
chosen the hosted version of StatPro Composites to support its
Global Investment Performance Standards (GIPS) compliance and
reporting requirements.
The agreement, which extends an existing relationship that has
been in place since 2002, represents an important shift from an
installed software solution to StatPro's recently rolled out
Software-as-a-Service (SaaS) platform. The new SaaS model offers
StatPro customers a simpler and more cost-effective approach for
using StatPro's technologies.
"Through StatPro's SaaS model, we can effectively manage the
cost of GIPS compliance while ensuring improved ongoing performance
reporting that ultimately contributes to excellent service for our
customers," said Federated Investors' Manager of Client
Administration, Sandy Kulig.
One of the world's largest investment management firms, with
more than $401.8 billion in assets under management; Federated has
used StatPro's software for the better part of a decade. The hosted
Composites platform answered its specific needs for
high-performance, GIPS reporting requirements.
"We are delighted to extend our relationship with
Federated through the hosted StatPro Composites solution," said
StatPro North America CEO Mark Bramley. "In today's asset
management market, delivering value while meeting compliance
requirements is more important than ever, and we are pleased to
help Federated maintain its GIPS compliance status through this
technology platform."
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StatPro Non-Executive Director is Honoured with Lifetime
Achievement Award at World Financial Information Conference
Boston/London, October 8, 2009 – StatPro Group plc, a leading
provider of portfolio analytics and data solutions for the global
asset management industry, announces that Stuart Clark has been
presented with the Lifetime Achievement Award at the World
Financial Information Conference in Athens.
The Software & Information Industry Association's (SIIA)
Financial Information Services Division (FISD) presented the
biennial award to Stuart who is now a StatPro non-executive
director.
FISD established a Lifetime Achievement Award in order to
recognize the people who have contributed to the major developments
and accomplishments of the financial information industry over the
past 25 years. Joseph Kasputys, Founder & Chairman at IHS
Global Insight and Eugen Niesper, former CEO of SIX Telekur were
the other nominees.
"Stuart's leadership and vision have set the standard for
excellence in the market data industry," said Tom Davin, Managing
Director of FISD.
Stuart J. Clark joined StatPro Group as a non-executive director
in 2009. Prior to that, he served as Interactive Data's president
and chief executive officer and a member of the Company's Board of
Directors from February 2000-March 2009. Stuart was employed by
Interactive Data and its predecessor companies, in the U.S. and in
Europe, since 1968. He began his career as a researcher at Extel in
1968, progressing through a number of positions of increasing
responsibility.
"We are delighted that Stuart's contributions to the
financial information industry have been recognized with this
prestigious award," said Justin Wheatley, StatPro
CEO.
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Latest Version of StatPro Complex Asset Pricing System Takes
Mystery Out of Pricing Financial Products
Price Challenge feature and new
instrument data feeds among product additions
Boston, Mass., September 2, 2009 –
StatPro, a leading provider of portfolio analytics and data
solutions for the global asset management industry, announced today
that the latest version of its Complex Asset Pricing (CAP) service
has been updated to provide an even greater degree of accuracy and
transparency for asset managers seeking to price complex financial
products.
First launched in late 2008, CAP was created to answer three
challenges in pricing complex products: accuracy, independence and
transparency. Using multiple sources for input data along with
QuantLib2, StatPro's proprietary financial library, CAP
provides highly accurate pricing whose underlying data is
independent from the creators of the products.
StatPro CAP also includes Price Challenge, a unique capability
that ensures transparency on all pricing data. In the past, asset
managers have had to trust that the prices they received from
various systems was correct; using Price Challenge, they can submit
a query and quickly get a PDF report of the origin of a difference
between pricing sources. This allows StatPro clients an
unprecedented level of visibility that enables better decisions on
every asset they purchase.
"Until today, asset managers have had to maintain a degree of
blind faith in the prices they receive for complex financial
products," said Dario Cintioli, global head of risk at StatPro.
"CAP helps take the mystery out of the process so that our clients
can realize competitive advantage through smart, informed decisions
about portfolio management."
CAP covers instruments that need a 'complex' valuation model and
traded market data to be priced. This includes Interest Rate Swaps,
Credit Default Swaps on single names and baskets, FX Forwards and
Equity Options. Recently added categories include Equity
Certificates.
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